(SHBI) Shore Bancshares complete technical analysis [charts+indicators] | Buy/Sell Shore Bancshares | (SHBI) share price targets
Complete technical analysis of Shore Bancshares (SHBI) by charts plus indicators, forecast predictions and share price targets for Shore Bancshares (SHBI)
Shore Bancshares trades in USA in Finance sector.
10 day averaged volume of Shore Bancshares is 82100
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Wed May 2024 | 11.15 | 11.07 | 11.17 | 11.06 | 0.485 times |
| 14 Tue May 2024 | 11.08 | 11.23 | 11.32 | 11.06 | 0.609 times |
| 13 Mon May 2024 | 11.09 | 11.27 | 11.35 | 11.05 | 1.309 times |
| 10 Fri May 2024 | 11.21 | 11.25 | 11.28 | 11.10 | 0.776 times |
| 09 Thu May 2024 | 11.17 | 11.16 | 11.25 | 11.16 | 0.962 times |
| 08 Wed May 2024 | 11.16 | 11.01 | 11.18 | 11.01 | 0.609 times |
| 07 Tue May 2024 | 11.10 | 11.29 | 11.32 | 11.10 | 0.965 times |
| 06 Mon May 2024 | 11.15 | 11.21 | 11.31 | 11.11 | 0.748 times |
| 03 Fri May 2024 | 11.21 | 10.75 | 11.29 | 10.75 | 0.956 times |
| 02 Thu May 2024 | 10.70 | 10.64 | 10.72 | 10.59 | 1.981 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.1, but if it comes below 11.1, then a intra day sell could be more profitable.
If you take a sell trade below 11.1, then use 11.1 as stoploss and 10.8 as target. However if you take a buy trade in stock , then use 11.1 as stoploss and 11.5 as target.
Share price targets for Shore Bancshares (SHBI)
| Target Type | Value |
| Downside Target | 10.06 |
| Downside Target | 10.31 |
| Upside Target | 11.29 |
| Upside Target | 11.32 |
| Upside Target | 11.35 |
| Upside Target | 11.73 |
| Upside Target | 11.90 |
| Upside Target | 12.50 |
| Upside Target | 13.32 |
| Upside Target | 14.38 |
Intraday share price targets for Shore Bancshares (SHBI)
| Target Type | Value |
| Downside Intraday Target | 11.02 |
| Downside Intraday Target | 10.88 |
| Upside Intraday Target | 11.32 |
| Upside Intraday Target | 11.48 |
| Upside Intraday Target | 11.18 |
Weekly technical analysis of Shore Bancshares (SHBI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Wed May 2024 | 11.15 | 11.27 | 11.35 | 11.05 | 0.592 times |
| 10 Fri May 2024 | 11.21 | 11.21 | 11.32 | 11.01 | 0.778 times |
| 03 Fri May 2024 | 11.21 | 10.55 | 11.29 | 10.31 | 1.145 times |
| 26 Fri Apr 2024 | 10.53 | 10.52 | 10.81 | 10.42 | 0.898 times |
| 19 Fri Apr 2024 | 10.43 | 10.38 | 10.63 | 10.06 | 1.408 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Shore Bancshares (SHBI)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 15 Wed May 2024 | 11.15 | 10.31 | 11.35 | 10.31 | 0.538 times |
| 30 Tue Apr 2024 | 10.35 | 11.48 | 11.90 | 10.06 | 1.052 times |
| 28 Thu Mar 2024 | 11.50 | 11.28 | 11.73 | 10.56 | 0.682 times |
| 29 Thu Feb 2024 | 11.36 | 12.99 | 13.32 | 10.86 | 1.753 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Shore Bancshares (SHBI)
Price action analysis of Shore Bancshares ( (SHBI) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Shore Bancshares ( (SHBI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Shore Bancshares ( (SHBI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shore Bancshares ( (SHBI) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Shore Bancshares stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Shore Bancshares in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shore Bancshares Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Shore Bancshares in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Shore Bancshares is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 11.05 and Shore Bancshares (SHBI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Shore Bancshares (SHBI) stock. Volume based technical analysis of Shore Bancshares (SHBI) stock is negative.
Shore Bancshares Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Shore Bancshares ( (SHBI) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Shore Bancshares ( (SHBI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Shore Bancshares ( (SHBI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Shore Bancshares ( (SHBI) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Shore Bancshares stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Shore Bancshares in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Shore Bancshares Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Shore Bancshares in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Shore Bancshares is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 11.05 and Shore Bancshares (SHBI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Shore Bancshares (SHBI) stock. Volume based technical analysis of Shore Bancshares (SHBI) stock is negative.
Shore Bancshares Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.