Shinhan Financial (Korea) Technical Analysis

055550 Stock   53,500  1,600  2.90%   
As of the 29th of November, Shinhan Financial has the Variance of 6.08, coefficient of variation of (2,503), and Risk Adjusted Performance of (0.02). Shinhan Financial technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.

Shinhan Financial Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Shinhan, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Shinhan
  
Shinhan Financial's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Shinhan Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Shinhan Financial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shinhan Financial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Shinhan Financial Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Shinhan Financial volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Shinhan Financial Trend Analysis

Use this graph to draw trend lines for Shinhan Financial Group. You can use it to identify possible trend reversals for Shinhan Financial as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Shinhan Financial price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Shinhan Financial Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Shinhan Financial Group applied against its price change over selected period. The best fit line has a slop of   11.43  , which may suggest that Shinhan Financial Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 4939220.0, which is the sum of squared deviations for the predicted Shinhan Financial price change compared to its average price change.

About Shinhan Financial Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Shinhan Financial Group on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Shinhan Financial Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shinhan Financial price pattern first instead of the macroeconomic environment surrounding Shinhan Financial. By analyzing Shinhan Financial's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Shinhan Financial's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Shinhan Financial specific price patterns or momentum indicators. Please read more on our technical analysis page.

Shinhan Financial November 29, 2024 Technical Indicators

Most technical analysis of Shinhan help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Shinhan from various momentum indicators to cycle indicators. When you analyze Shinhan charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Shinhan Financial November 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Shinhan stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Shinhan Stock analysis

When running Shinhan Financial's price analysis, check to measure Shinhan Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shinhan Financial is operating at the current time. Most of Shinhan Financial's value examination focuses on studying past and present price action to predict the probability of Shinhan Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinhan Financial's price. Additionally, you may evaluate how the addition of Shinhan Financial to your portfolios can decrease your overall portfolio volatility.
CEOs Directory
Screen CEOs from public companies around the world
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing