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(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 91630

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 11.50 11.38 11.64 11.26 0.887 times
27 Wed Mar 2024 11.40 11.11 11.41 11.11 1.197 times
26 Tue Mar 2024 11.10 11.29 11.29 11.06 0.728 times
25 Mon Mar 2024 11.17 11.21 11.44 11.07 0.458 times
22 Fri Mar 2024 11.15 11.39 11.51 11.11 0.529 times
21 Thu Mar 2024 11.37 11.30 11.45 11.22 0.833 times
20 Wed Mar 2024 11.21 10.65 11.29 10.65 0.944 times
19 Tue Mar 2024 10.73 10.73 10.85 10.68 0.495 times
18 Mon Mar 2024 10.71 10.78 10.84 10.56 1.172 times
15 Fri Mar 2024 10.78 10.85 11.09 10.74 2.688 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.4, but if it comes below 11.4, then a intra day sell could be more profitable.
If you take a sell trade below 11.4, then use 11.4 as stoploss and 11.18 as target. However if you take a buy trade in stock , then use 11.4 as stoploss and 11.7 as target.

Share price targets for Shore Bancshares (SHBI)

Target Type Value
Downside Target 10.11
Downside Target 10.56
Upside Target 11.51
Upside Target 11.73
Upside Target 11.99
Upside Target 12.32
Upside Target 12.50
Upside Target 13.32
Upside Target 14.38
Upside Target 14.51

Intraday share price targets for Shore Bancshares (SHBI)

Target Type Value
Downside Intraday Target 11.16
Downside Intraday Target 10.82
Upside Intraday Target 11.74
Upside Intraday Target 11.98
Downside Intraday Target 11.4

Weekly technical analysis of Shore Bancshares (SHBI)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 11.50 11.21 11.64 11.06 0.823 times
22 Fri Mar 2024 11.15 10.78 11.51 10.56 0.752 times
15 Fri Mar 2024 10.78 11.26 11.53 10.74 1.768 times
08 Fri Mar 2024 11.33 11.25 11.73 11.04 0.681 times
01 Fri Mar 2024 11.20 11.33 11.61 11.05 1.44 times

Price has moved up 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
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
31 Wed Jan 2024 12.94 14.20 14.38 12.50 0.649 times
29 Fri Dec 2023 14.25 11.99 14.51 11.99 1.741 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 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 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 short to mid 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 mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shore Bancshares stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shore Bancshares in short term but the buy signal is initial and weak.

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 stronger in this stock.

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 buy signal for Shore Bancshares in short term and BUY signal is strong.

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 11.06 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 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 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 short to mid 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 mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shore Bancshares stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shore Bancshares in short term but the buy signal is initial and weak.

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 stronger in this stock.

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 buy signal for Shore Bancshares in short term and BUY signal is strong.

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 11.06 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.

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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