GRINDROD SHIPPING HOLDINGS L (GRIN) Stock Technical Analysis
NASDAQ:GRIN - Nasdaq - SG9999019087 - Common Stock - Currency: USD
Taking everything into account, GRIN scores 9 out of 10 in our technical rating. 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 19306 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GRIN is one of the better performing stocks in the market, outperforming 91% of all stocks.
GRIN is one of the better performing stocks in the Marine Transportation industry, it outperforms 100% of 32 stocks in the same industry.
GRIN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GRIN is leading the market.
In the last month GRIN has a been trading in a tight range between 14.06 and 14.23.
Although GRIN has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.15
14.38
4 important support areas can be observed.
- A support zone ranging from 13.43 to 14.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.59 from a trend line in the daily time frame.
- Support @10.14 from a trend line in the weekly time frame.
- Support @8.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.21 to 14.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91
Mansfield1.98
10 Day High14.23
10 Day Low14.09
20 Day High14.23
20 Day Low14.06
52 Week High14.9
52 Week Low7.35
Performance
1 Week0.35%
2 Weeks0.39%
1 Month1.14%
3 Month3.27%
6 Month52.03%
12 Month67.26%
2 Year-39.8%
3 Year-12.56%
5 Year171.51%
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)-0.01
RSI(14)68.18
LBB14.1
UBB14.23
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 |
|---|---|---|---|
| 14.25 | 14.08 | 0.17 (1.19%) | 25.00% |
| An entry @14.25. This is a Buy Stop order right above the resistance zone. | An exit @14.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 1.19%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NASDAQ:GRIN (8/15/2024, 8:02:48 PM)
14.2
-0.02 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-0.14%
1 Week0.35%
2 Weeks0.39%
1 Month1.14%
3 Month3.27%
6 Month52.03%
12 Month67.26%
2 Year-39.8%
3 Year-12.56%
5 Year171.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.29%
ATR Inc-28.65%
Range Today0.05
ADR(20)0.04
ADR(20)%0.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91
Mansfield1.98
10 Day High14.23
10 Day Low14.09
20 Day High14.23
20 Day Low14.06
52 Week High14.9
52 Week Low7.35
CS1 End14.18
CR1 Start14.21
Volume & EV
DER(3)1.17%
DER(5)4.43%
Volume24.80K
Volume Incr-26.7%
Vol(5)18.56K
Vol(50)19.31K