JINKOSOLAR HOLDING CO-ADR (JKS) Stock Technical Analysis
USA - NYSE:JKS - US47759T1007 - ADR
24.1 USD
-1.29 (-5.08%)
24.2 USD
+0.1 (+0.41%)
Overall JKS gets a technical rating of 7 out of 10. Although JKS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, JKS outperforms 60% of them, which is more or less in line with the market.
JKS is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, JKS did better than 49% of them.
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.
In the last month JKS has a been trading in the 22.20 - 27.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 support zone below the current price at 23.85, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.09
26.58
We found 2 important support areas.
- A support zone ranging from 23.05 to 23.85. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.71 to 25.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.24 to 26.32. 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 | NEUTRAL | NEUTRAL | The short term trend for JKS is neutral. |
| ChartMill Relative Strength | 60.54 | NEUTRAL | JKS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JKS is below 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) | DOWN | MIXED | The current price of JKS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.77 | NEUTRAL | The RSI value for JKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests JKS has a negative trend. |
| Stochastics (14,3) | 38.04 | NEUTRAL | The Stochastics value for JKS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for JKS suggests high volalility. |
| Average Directional Index/ADX (14) | 22.14 | 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 |
|---|---|---|---|
| 25.49 | 24.04 | 1.45 (5.68%) | 17.60% |
| An entry @25.49. This is a Buy Stop order right above the resistance zone. | An exit @24.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.45 points, which is 5.68%. | For a 1.00% total portfolio risk, you can invest 17.60% of your capital in this trade. |
- 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.
24.1
-1.29 (-5.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-5.08%
1 Week-3.29%
2 Weeks-3.95%
1 Month8.9%
3 Month11.37%
6 Month23.02%
12 Month3.83%
2 Year-20.65%
3 Year-56.49%
5 Year-39.39%
10 Year9.85%
15 Year-23.76%
Volatility
ATR(14)1.29
ATR(20)%5.14%
ATR Inc-11.91%
Range Today1.17
ADR(20)1.13
ADR(20)%4.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.54
Mansfield-0.17
10 Day High27.28
10 Day Low24.05
20 Day High27.28
20 Day Low22.2
52 Week High37.36
52 Week Low13.42
CS1 End23.85
CR1 Start24.71
Volume & EV
DER(3)-1.46%
DER(5)-1.46%
Volume570.10K
Volume Incr-4.87%
Vol(5)562.02K
Vol(50)514.69K