SHG technical analysis
SHG Technical Analysis
Analysis date
July 18, 2026
Market
NYSE (USD)
Daily cutoff
July 17, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
SHG Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- SHG
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 17, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 70.76 | July 17, 2026 | - | Verified |
| Finviz (independent) | 70.76 | July 17, 2026 (previous close) | 0.00% | Verified |
Bottom line
SHG Technical Analysis Summary
SHG (Shinhan Financial Group) displays a bullish technical picture across both timeframes. On the daily chart, price at 70.76 sits above SMA20 (68.94), SMA50 (67.38), and SMA200 (62.02), with all three moving averages sloping upward in a bullish alignment. RSI14 at 65.49 reflects solid momentum without overbought conditions. The daily MACD is positive at 0.46 with the MACD line above the signal line at 0.18, and a positive histogram of 0.28, confirming sustained upward momentum. The weekly chart reinforces this view with price above all key SMAs and RSI at 67.46, still within a healthy range. The stock trades at 94.2% of its 52-week high (73.80), suggesting strong relative strength. Key support lies at 67.38 (daily SMA50), followed by 64.19 (20-day low) and 62.02 (daily SMA200). Key resistance is at 73.80 (52-week high) and the round number at 75.00. A break above 73.80 would open the path toward new highs; a pullback to SMA50 around 67.38 would be a normal correction within an uptrend.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 17, 2026)
- Trend
- Bullish. Price at 70.76 is above SMA20 (68.94, +2.64%), SMA50 (67.38, +5.02%), and SMA200 (62.02, +14.09%). All three moving averages are sloping upward, with the SMA20 above SMA50, creating a textbook bullish alignment. The SMA200 at 62.02 provides a solid long-term support foundation.
- Momentum
- Bullish. RSI14 at 65.49 is firmly above the 50 midline, indicating strong bullish momentum without entering overbought territory (above 70). MACD at 0.46 is above the signal line at 0.18 with a positive histogram of 0.28, confirming sustained upward momentum. The MACD has been in positive territory for an extended period, reflecting a well-established uptrend.
- Volatility
- Moderate. ATR14 at 1.42 (2.01% of price) indicates manageable daily swings. Bollinger Bands (66.17 to 73.08) show price in the upper portion of the band, consistent with a strong uptrend. Band width is normal, suggesting no volatility expansion signal.
- Volume
- Below average. Latest volume of 154,600 is 51.5% of the 20-period average (300,000), indicating reduced participation at these elevated levels. This is not unusual for an ADR with lower absolute volume.
Assessment
The daily chart reflects a well-established uptrend with all key moving averages aligned bullishly. RSI at 65.49 leaves room for further upside before reaching overbought levels. The MACD configuration is healthy with the MACD line above the signal line. The stock is approaching its 52-week high at 73.80, which represents the next significant resistance. The main concern is below-average volume on the recent advance, which may indicate a lack of strong new buying interest at these levels. A pullback to the SMA50 around 67.38 would be a normal consolidation within the broader uptrend.
Weekly (July 17, 2026 week)
- Trend
- Bullish. Price at 70.76 is above SMA20 (65.79), SMA50 (60.19), and SMA200 (53.46). All weekly moving averages are sloping upward, confirming the long-term uptrend. The gap between SMA20 and SMA200 has been widening, reflecting accelerating bullish momentum over the longer timeframe.
- Momentum
- Bullish. RSI14 at 67.46 is in bullish territory and approaching overbought, reflecting strong weekly momentum. MACD at 4.30 is above the signal line at 3.68 with a positive histogram of 0.62, reinforcing the bullish momentum picture on the weekly timeframe.
- Volatility
- Moderate. ATR14 at 2.59 (3.66% of price) reflects typical weekly ranges for a Korean ADR. Bollinger Bands (58.90 to 74.86) show price in the upper portion, consistent with the ongoing uptrend.
- Volume
- Near average. Weekly volume is close to the 20-week average, indicating sustainable participation in the uptrend.
Assessment
The weekly chart strongly supports the bullish case. Price is well above all major SMAs, and the upward slope of the SMA200 at 53.46 confirms the long-term structural trend is bullish. The MACD and RSI are both in healthy bullish territory without extreme readings. The stock is trading near the upper Bollinger Band at 74.86, which aligns with the 52-week high at 73.80 as the next key resistance. The widening gap between SMA20 and SMA200 is a structural characteristic of a mature uptrend.
Key indicators
SHG Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 65.49 | 67.46 |
| MACD (12, 26, 9) | 0.46 / 0.18 / 0.28 | 4.30 / 3.68 / 0.62 |
| ATR (14) | 1.42 (2.01%) | 2.59 (3.66%) |
| Bollinger Bands (20, 2) | 66.17 - 73.08 | 58.90 - 74.86 |
| SMA (20) | 68.94 | 65.79 |
| SMA (50) | 67.38 | 60.19 |
| SMA (200) | 62.02 | 53.46 |
Price structure
SHG Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 70.76 | 70.76 |
| 1-Period Return | +2.27% | +1.10% |
| 5-Period Return | +5.17% | +9.15% |
| 20-Period Return | +10.32% | +15.40% |
| 60-Period Return | +27.58% | +52.81% |
| 252-Period Return | +36.54% | +85.31% |
| 52-Week Low | 46.26 | 46.26 |
| 52-Week High | 73.80 | 73.80 |
| 52-Week Position | 94.2% | 93.7% |
Key levels
SHG Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 73.50 | 73.80 |
| 20-Period Low | 64.19 | 62.19 |
| 60-Period High | 73.80 | 73.80 |
| 60-Period Low | 58.10 | 48.29 |
Scenarios
SHG Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks above the 52-week high at 73.80 with expanding volume, confirming trend continuation.
Invalidation
Price falls below daily SMA50 at 67.38 and breaks the 20-day low at 64.19.
What to watch
Sustained close above 73.80; daily RSI holding above 60; weekly RSI not diverging below 60; volume increasing on break attempts; MACD histogram continuing to expand on both timeframes.
Range-Bound
Trigger
Price oscillates between SMA50 support (67.38) and the 52-week high resistance (73.80) as the market consolidates recent gains.
Invalidation
A decisive break above 73.80 or below SMA50 (67.38) with above-average volume.
What to watch
RSI oscillating between 55 and 65 on the daily chart; MACD histogram fluctuating around the zero line; Bollinger Bands contracting; volume declining during the consolidation phase.
Bearish
Trigger
Price fails at the 52-week high and reverses below SMA20 (68.94), followed by a break below SMA50 (67.38), suggesting a trend reversal.
Invalidation
Price reclaims the recent high above 73.80 and holds above SMA20.
What to watch
Daily RSI falling below 60 and then 50; MACD histogram turning negative; volume expanding on down days; weekly RSI trending below 60; the MACD line crossing below the signal line on the daily chart.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Finviz (independent cross-validation). The daily analysis covers approximately 2 years (500 completed bars) ending July 17, 2026. The weekly analysis covers approximately 5 years (262 completed bars) ending the week of July 17, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 17, 2026, weekly July 17, 2026 week. Generated July 18, 2026.
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