JINKOSOLAR HOLDING CO-ADR (JKS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JKS - US47759T1007 - ADR
Taking everything into account, JKS scores 4 out of 10 in our technical rating. JKS was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
JKS has an average technical rating and the quality of the presented setup is also 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.
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21.09
5 important support areas can be observed.
- A support zone ranging from 24.67 to 25.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.76 to 24.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.32 from a trend line in the weekly time frame.
- Support @22.80 from a trend line in the daily time frame.
- A support zone ranging from 21.30 to 21.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @26.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.91 to 28.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for JKS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JKS is neutral. |
| ChartMill Relative Strength | 39.99 | NEUTRAL | JKS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JKS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JKS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JKS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.19 | NEUTRAL | The RSI value for JKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests JKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.16 | NEUTRAL | The Stochastics value for JKS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for JKS suggests high volalility. |
| Average Directional Index/ADX (14) | 11.53 | NEGATIVE | The low ADX value for JKS suggests a weak or negative trend. |
26.32
+0.83 (+3.26%)
JINKOSOLAR HOLDING CO-ADR / JKS FAQ
What is the ChartMill technical rating of JINKOSOLAR HOLDING CO-ADR (JKS) stock?
ChartMill assigns a technical rating of 4 / 10 to JKS.
Can you provide the trend direction for JINKOSOLAR HOLDING CO-ADR?
The current trend direction for JINKOSOLAR HOLDING CO-ADR (JKS) is Bullish.
What is the RSI signal for JKS stock?
JINKOSOLAR HOLDING CO-ADR (JKS) has an RSI value of 53.1869. This indicates that the stock is currently neutral.
What is the support and resistance level for JKS stock?
JINKOSOLAR HOLDING CO-ADR (JKS) has a support level at 25.31 and a resistance level at 26.33. Check the full technical report for our detailed analysis of JKS support and resistance levels.