SHG technical analysis
SHG Technical Analysis
Analysis date
August 6, 2026
Market
NYSE (USD)
Daily cutoff
August 5, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
SHG Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- SHG
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 5, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 72.38 | August 5, 2026 | - | Verified |
| Verification series | 72.38 | August 5, 2026 | 0.00% | Verified |
Bottom line
SHG Technical Analysis Summary
SHG (Shinhan Financial Group) is in a well-established uptrend on both timeframes, trading just below its 52-week high. The stock closed at 72.38 on August 5, 2026, about 2% below the 52-week high of 73.80. The daily chart is bullish: price sits above SMA20 (71.20), SMA50 (67.81), and SMA200 (61.75), with all averages rising in bullish alignment. RSI14 at 56.65 remains in bullish territory, and the daily MACD line at 0.97 has slipped below the signal line at 1.06 with a negative histogram of -0.09, showing a short-term consolidation near the highs. The weekly chart remains firmly bullish, with price above SMA20 (66.48), SMA50 (59.53), and SMA200 (38.25), RSI14 at 57.47, and a positive MACD histogram. The stock trades at 94.8% of its 52-week range. Key support rests at 71.20 (daily SMA20), followed by 68.30 (20-day low), 67.81 (daily SMA50), and 61.75 (daily SMA200). Key resistance is at 73.80 (52-week high, also the 20- and 60-period high). A break above 73.80 would confirm a continuation toward new highs; a close below SMA20 at 71.20 would shift focus to the 20-day low at 68.30 and SMA50 near 67.81 as the next support zone.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 5, 2026)
- Trend
- Bullish. Price at 72.38 is above SMA20 (71.20, +1.66%), SMA50 (67.81, +6.74%), and SMA200 (61.75, +17.21%), with all three moving averages sloping upward in bullish alignment. The stock holds just below the 52-week high of 73.80 after the recent advance, and SMA200 at 61.75 provides long-term support.
- Momentum
- Cooling. RSI14 at 56.65 remains above the 50 midline but has eased from stronger readings, indicating a loss of upside momentum without an overbought signal. The MACD line at 0.97 has slipped below the signal line (1.06) with a negative histogram of -0.09, reflecting a short-term pause after the run toward the highs.
- Volatility
- Moderate. ATR14 at 2.11 (2.92% of price) reflects normal daily swings. Bollinger Bands (68.84 to 73.55) place price in the upper portion of the band, consistent with a stock holding near recent highs, with band width suggesting no volatility expansion signal.
- Volume
- Near average. Latest volume of 220,100 is about 92% of the 20-period average (240,525), indicating participation roughly in line with recent sessions during the consolidation.
Assessment
The daily chart shows an intact uptrend with price above all key moving averages and near the 52-week high at 73.80. Momentum has cooled into the highs, with RSI at 56.65 and a negative MACD histogram, which is typical of a consolidation phase rather than a reversal while price holds above SMA20 at 71.20. A break above 73.80 would open new-high territory, while a close below SMA20 would shift attention to the 20-day low at 68.30 and SMA50 near 67.81.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 69.93 is above SMA20 (66.48), SMA50 (59.53), and SMA200 (38.25), with all weekly averages rising. The 252-week return of +149.06% and the 60-week return of +64.39% reflect a strong multi-year advance. The most recent completed week posted a small loss of -2.18%, a pause within the uptrend.
- Momentum
- Bullish. RSI14 at 57.47 is in bullish territory but below the 70 overbought threshold. The MACD line at 2.97 is above the signal line (2.90) with a positive histogram of 0.07, confirming the longer-term uptrend, though the histogram is thin.
- Volatility
- Moderate. ATR14 at 4.68 (6.69% of price) reflects typical weekly ranges. Bollinger Bands (59.39 to 73.58) place price in the upper portion, with the upper band aligning with the 52-week high near 73.80.
- Volume
- Near average. Latest weekly volume of 1,245,500 is about 95% of the 20-week average (1,314,610), showing participation consistent with recent weeks.
Assessment
The weekly chart confirms an intact intermediate-term uptrend. Price remains above all key moving averages with SMA200 rising, RSI14 at 57.47 leaving room before overbought, and a positive MACD histogram. The recent weekly pullback is a pause after a strong advance rather than a reversal signal. The trend stays constructive as long as price holds above the weekly SMA20 at 66.48; a decisive break below it would bring the 20-week low at 58.45 and the 60-week low at 42.35 into focus.
Key indicators
SHG Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 56.65 | 57.47 |
| MACD (12, 26, 9) | 0.97 / 1.06 / -0.09 | 2.97 / 2.90 / 0.07 |
| ATR (14) | 2.11 (2.92%) | 4.68 (6.69%) |
| Bollinger Bands (20, 2) | 68.84 - 73.55 | 59.39 - 73.58 |
| SMA (20) | 71.20 | 66.48 |
| SMA (50) | 67.81 | 59.53 |
| SMA (200) | 61.75 | 38.25 |
Price structure
SHG Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 72.38 | 69.93 |
| 1-Period Return | +0.99% | -2.18% |
| 5-Period Return | +5.71% | +16.01% |
| 20-Period Return | +0.74% | +18.95% |
| 60-Period Return | +5.60% | +64.39% |
| 252-Period Return | +50.29% | +149.06% |
| 52-Week Low | 46.26 | 46.26 |
| 52-Week High | 73.80 | 73.80 |
| 52-Week Position | 94.84% | 85.95% |
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 | 73.80 | 73.80 |
| 20-Period Low | 68.30 | 58.45 |
| 60-Period High | 73.80 | 73.80 |
| 60-Period Low | 59.78 | 42.35 |
Scenarios
SHG Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price closes above the 52-week high at 73.80 with expanding volume, confirming a breakout into new-high territory.
Invalidation
Price breaks below SMA20 at 71.20 and then the 20-day low at 68.30.
What to watch
Sustained closes above 73.80; daily RSI reclaiming and holding above 60; daily MACD histogram turning positive; volume expanding on the breakout attempt; weekly MACD histogram continuing to expand.
Range-Bound
Trigger
Price oscillates between support near SMA20 at 71.20 and the 52-week high resistance at 73.80 as the market consolidates recent gains.
Invalidation
A decisive close above 73.80 or below SMA20 at 71.20 with above-average volume.
What to watch
Daily RSI staying between 50 and 65; MACD histogram hovering near zero; volume staying near or below the 20-day average during the consolidation.
Bearish
Trigger
Price fails at the 52-week high and closes below SMA20 at 71.20, followed by a break below the 20-day low at 68.30 and SMA50 near 67.81, suggesting a deeper pullback.
Invalidation
Price reclaims and holds above SMA20 at 71.20 and moves back toward 73.80.
What to watch
Daily RSI sliding below 50; MACD histogram becoming more negative; volume expanding on down days; weekly RSI trending below 55; weekly MACD line crossing below the signal line.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 5, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
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.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 5, 2026, weekly July 27, 2026 week. Generated August 6, 2026.
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