JINKOSOLAR HOLDING CO-ADR (JKS) Stock Technical Analysis
NYSE:JKS - US47759T1007 - ADR
24.01 USD
+0.26 (+1.09%)
24.01 USD
0 (0%)
We assign a technical rating of 9 out of 10 to JKS. Both in the recent history as in the last year, JKS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
JKS is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. JKS outperforms 77% of them.
In the last month JKS has a been trading in the 21.15 - 24.39 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that JKS is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
JKS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JKS is lagging the market.
JKS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JKS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
21.09
25.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.74 to 23.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.39 to 22.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 24.41 to 24.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for JKS is up. |
| ChartMill Relative Strength | 86.27 | POSITIVE | JKS has a high relative strength, it outperformed 86.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JKS is above the rising 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) | 59.11 | NEUTRAL | The RSI value for JKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests JKS has a positive trend. |
| Stochastics (14,3) | 76.19 | NEUTRAL | The Stochastics value for JKS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for JKS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for JKS suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 24.79 | 23.73 | 1.06 (4.28%) | 23.39% |
| An entry @24.79. This is a Buy Stop order right above the resistance zone. | An exit @23.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.06 points, which is 4.28%. | When investing 23.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of JKS. 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.
24.01
+0.26 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.09%
1 Week1.65%
2 Weeks4.12%
1 Month10.49%
3 Month26.84%
6 Month5.96%
12 Month36.19%
2 Year-20.94%
3 Year-56.65%
5 Year-39.61%
10 Year9.43%
15 Year-24.04%
Volatility
ATR(14)1.15
ATR(20)%4.23%
ATR Inc17.25%
Range Today0.79
ADR(20)0.97
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.27
Mansfield0.09
10 Day High24.39
10 Day Low22.07
20 Day High24.39
20 Day Low21.15
52 Week High37.36
52 Week Low13.42
CS1 End23.99
CR1 Start24.41
Volume & EV
DER(3)4.47%
DER(5)2.93%
Volume364.90K
Volume Incr15.4%
Vol(5)495.70K
Vol(50)621.00K