JINKOSOLAR HOLDING CO-ADR (JKS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JKS - US47759T1007 - ADR
Overall JKS gets a technical rating of 9 out of 10. 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JKS is lagging the market slightly.
- In the last month JKS has a been trading in the 25.74 - 30.90 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 comparing the yearly performance of all stocks, we notice that JKS is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- JKS is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, JKS did better than 63% of them.
JKS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.12, a Stop Loss order could be placed below this zone.
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21.09
When analyzing the support we can see 5 important areas.
- A support zone ranging from 26.55 to 27.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.81 from a horizontal line in the daily time frame.
- Support @24.59 from a trend line in the weekly time frame.
- Support @24.13 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 30.58 to 30.58. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The short term trend for JKS is up. |
| ChartMill Relative Strength | 88.27 | POSITIVE | JKS has a high relative strength, it outperformed 88.27% 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) | 59.94 | NEUTRAL | The RSI value for JKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests JKS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.19 | NEUTRAL | The Stochastics value for JKS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for JKS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.47 | POSITIVE | The high ADX value value for JKS suggests a strong trend. |
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 |
|---|---|---|---|
| 30.59 | 26.54 | 4.05 (13.24%) | 7.55% |
| An entry @30.59. This is a Buy Stop order right above the resistance zone. | An exit @26.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.05 points, which is 13.24%. | When investing 7.55% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
29.5
+0.09 (+0.31%)
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 9 / 10 to JKS.
What is the current trend direction of JINKOSOLAR HOLDING CO-ADR (JKS) stock?
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 59.9404. This indicates that the stock is currently neutral.
Can you provide the MACD signal for JINKOSOLAR HOLDING CO-ADR?
The MACD indicator for JINKOSOLAR HOLDING CO-ADR (JKS) has a value of 0.18507, indicating a bearish trend.
Can you provide the short term momentum for JINKOSOLAR HOLDING CO-ADR?
The short term momentum for JINKOSOLAR HOLDING CO-ADR (JKS) is positive.