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Shinhan Financial Group Breaks Below 200-Day Moving Average - Notable for SHG
Thursday, November 9, 11:15 AM ET, by Market News Video Staff

In trading on Thursday, shares of Shinhan Financial Group Co. Ltd.. ...

Shinhan Financial Group Breaks Below 200-Day Moving Average - Notable for SHG
Friday, December 1, 11:15 AM ET, by Market News Video Staff

In trading on Friday, shares of Shinhan Financial Group Co. Ltd.. ...

Analysts Anticipate ADRA Will Reach $40
Monday, March 5, 9:25 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Oversold Conditions For Shinhan Financial Group (SHG)
Monday, March 5, 12:00 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Shinhan Financial Group Co. Ltd. Becomes Oversold (SHG)

By Market News Video Staff, Wednesday, May 23, 1:59 PM ET
Play Video: Learn About The RSI


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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Shinhan Financial Group Co. Ltd. (NYSE:SHG) entered into oversold territory, hitting an RSI reading of 28.0, after changing hands as low as $64.06 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 33.5. A bullish investor could look at SHG's 28.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of SHG shares:

Shinhan Financial Group Co. Ltd. 1 Year Performance Chart

Looking at the chart above, SHG's low point in its 52 week range is $61.15 per share, with $101.34 as the 52 week high point that compares with a last trade of $64.21. Find out what 9 other oversold stocks you need to know about

SHG makes up 3.89% of the iShares MSCI Emerging Markets Financials Sector Index Fund ETF (EMFN)


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