GRINDROD SHIPPING HOLDINGS L (GRIN)
SG9999019087 - Common Stock
Overall GRIN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRIN is showing a nice and steady performance.
Warning: GRIN has an average volume of 23310 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
GRIN is part of the Marine Transportation industry. There are 30 other stocks in this industry. GRIN outperforms 79% of them.
GRIN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GRIN is performing more or less in line with the market.
In the last month GRIN has a been trading in the 10.02 - 13.97 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GRIN did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
GRIN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 13.64, a Stop Loss order could be placed below this zone.
More info and screens
7.85
14.18
When analyzing the support we can see 6 important areas.
- A support zone ranging from 13.42 to 13.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.06 to 11.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.15 to 9.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.81 to 8.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.67 from a horizontal line in the daily time frame.
- A support zone ranging from 7.93 to 8.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @13.76 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 14.03 to 14.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.33
Mansfield3.45
10 Day High13.97
10 Day Low13.2
20 Day High13.97
20 Day Low10.02
52 Week High14.9
52 Week Low6.8
Performance
1 Week1.03%
2 Weeks30.46%
1 Month28.99%
3 Month52.1%
6 Month56.25%
12 Month21.15%
2 Year-46.5%
3 Year65.66%
5 Year161.91%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)73.9
LBB9.9
UBB15.59
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.77 | 13.41 | 0.36 (2.61%) | 25.00% |
| An entry @13.77. This is a Buy Stop order right above the resistance zone. | An exit @13.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.36 points, which is 2.61%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GRIN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GRINDROD SHIPPING HOLDINGS L
NASDAQ:GRIN (4/18/2024, 7:00:02 PM)
13.75
-0.21 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-1.52%
1 Week1.03%
2 Weeks30.46%
1 Month28.99%
3 Month52.1%
6 Month56.25%
12 Month21.15%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.53
ATR(20)%3.68%
ATR Inc
Range Today0.3
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High13.97
10 Day Low13.2
20 Day High13.97
20 Day Low10.02
52 Week High14.9
52 Week Low6.8
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume13.70K
Volume Incr-37.08%
Vol(5)25.08K
Vol(50)23.31K