Shore Stock Technical Analysis

SHBI -  USA Stock  

USD 19.82  0.17  0.85%

As of the 28th of January, Shore Bancshares has the Coefficient Of Variation of 827.05, semi deviation of 0.7996, and Risk Adjusted Performance of 0.1037. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shore Bancshares, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed nineteen technical drivers for Shore Bancshares, which can be compared to its competition. Please validate Shore Bancshares variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Shore Bancshares is priced more or less accurately, providing market reflects its prevalent price of 19.82 per share. Given that Shore Bancshares has jensen alpha of 0.2055, we advise you to double-check Shore Bancshares's current market performance to make sure the company can sustain itself at a future point.

Shore Technical Analysis 

 
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Shore Bancshares Analyst Consensus

Target PriceAdvice# of Analysts
21.0Buy2Odds
Shore Bancshares current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Shore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Shore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Shore Bancshares, talking to its executives and customers, or listening to Shore conference calls.
Shore Analyst Advice Details
Shore Bancshares 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 Shore Bancshares technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shore Bancshares 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...

Shore Bancshares Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Shore Bancshares volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Shore Bancshares Trend Analysis

Use this graph to draw trend lines for Shore Bancshares. You can use it to identify possible trend reversals for Shore Bancshares 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 Shore Bancshares price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Shore Bancshares Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Shore Bancshares applied against its price change over selected period. The best fit line has a slop of   0.017386  , which means Shore Bancshares will continue generating value for investors. It has 122 observation points and a regression sum of squares at 11.43, which is the sum of squared deviations for the predicted Shore Bancshares price change compared to its average price change.

About Shore Bancshares 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 Shore Bancshares 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 Shore Bancshares based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Shore Bancshares stock first instead of the macroeconomic environment surrounding Shore Bancshares. By analyzing Shore Bancshares'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 Shore Bancshares'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 Shore Bancshares specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2022 (projected)
PPandE Turnover3.02.883.84
Calculated Tax Rate25.6225.2634.71

Shore Bancshares January 28, 2022 Technical Indicators

Most technical analysis of Shore 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 Shore from various momentum indicators to cycle indicators. When you analyze Shore 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.

Shore Bancshares January 28, 2022 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 Shore 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.
Additionally, take a look at World Market Map. Note that the Shore Bancshares information on this page should be used as a complementary analysis to other Shore Bancshares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Shore Stock analysis

When running Shore Bancshares price analysis, check to measure Shore Bancshares' 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 Shore Bancshares is operating at the current time. Most of Shore Bancshares' value examination focuses on studying past and present price action to predict the probability of Shore Bancshares' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Shore Bancshares' price. Additionally, you may evaluate how the addition of Shore Bancshares to your portfolios can decrease your overall portfolio volatility.
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Is Shore Bancshares' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shore Bancshares. If investors know Shore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shore Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Shore Bancshares is measured differently than its book value, which is the value of Shore that is recorded on the company's balance sheet. Investors also form their own opinion of Shore Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Shore Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shore Bancshares' market value can be influenced by many factors that don't directly affect Shore Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Shore Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine Shore Bancshares value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shore Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.