GRINDROD SHIPPING HOLDINGS L (GRIN)

SG9999019087 - Common Stock

10.53  +0.59 (+5.94%)

Technical Rating and Analysis

7

Taking everything into account, GRIN scores 7 out of 10 in our technical rating. GRIN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

GRIN is part of the Marine Transportation industry. There are 30 other stocks in this industry, of which 65% are performing better than GRIN.
Warning: GRIN has an average volume of 13870 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GRIN has a been trading in the 8.50 - 10.60 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, GRIN outperforms 50% of them, which is more or less in line with the market.
GRIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GRIN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
GRIN Weekly chart
GRIN Daily chart
Setup Rating and Analysis

0

Although GRIN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

7.85

11.99

4 important support areas can be observed.

  • A support zone ranging from 9.15 to 9.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 8.90 to 8.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @8.67 from a horizontal line in the daily time frame.
  • A support zone ranging from 7.93 to 8.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 10.54 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @11.87 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.95
Mansfield0.01
10 Day High10.6
10 Day Low8.6
20 Day High10.6
20 Day Low8.5
52 Week High14.9
52 Week Low6.8
Performance
1 Week17.13%
2 Weeks17%
1 Month12.74%
3 Month15.46%
6 Month16.87%
12 Month-6.4%
2 Year-58.61%
3 Year44.84%
5 Year101.72%
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)0.15
RSI(14)75.38
LBB8.26
UBB10.17
GRIN Daily chart

GRINDROD SHIPPING HOLDINGS L

NASDAQ:GRIN (3/18/2024, 8:14:02 PM)

10.53

+0.59 (+5.94%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg5.94%
1 Week17.13%
2 Weeks17%
1 Month12.74%
3 Month15.46%
6 Month16.87%
12 Month-6.4%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.38
ATR(20)%3.35%
ATR Inc
Range Today0.6
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 High10.6
10 Day Low8.6
20 Day High10.6
20 Day Low8.5
52 Week High14.9
52 Week Low6.8
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume37.40K
Volume Incr230.94%
Vol(5)31.34K
Vol(50)13.87K