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SHG forms 20 Day Moving Average Support on October 30

Shinhan Financial Group Co Ltd (SHG) โ€” SwingTradeBot Technical Analysis Report ยท Oct 30, 2025, 17:53 ET
SHG finished lower by 2.34% on Thursday, October 30th, trading 1.7 times its typical volume. Mixed technical signals appeared with 20 DMA Support suggesting upside potential, while Stochastic Sell Signal and MACD Bearish Signal Line Cross and Directional Movement Crossover Bearish indicated possible weakness โ€” creating a conflicted technical picture. Key support levels exist at 50.61, 49.79 & 48.74, with resistance at 52.48, 53.53 & 54.35. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.

Current SwingTradeBot Technical Rating of SHG: B

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Shinhan Financial Group Co Ltd (SHG)