JINKOSOLAR HOLDING CO-ADR (JKS) Stock Technical Analysis
NYSE:JKS - New York Stock Exchange, Inc. - US47759T1007 - ADR - Currency: USD
Overall JKS gets a technical rating of 1 out of 10. JKS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, JKS is a bad performer in the overall market: 88% of all stocks are doing better.
JKS is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 71% of 110 stocks in the same industry do better.
JKS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JKS is lagging the market.
JKS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although the technical rating is bad, JKS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 18.32, a Stop Loss order could be placed below this zone.
More info and screens
18.06
24.23
When analyzing the support we notice one important area.
- A support zone ranging from 18.24 to 18.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 18.46 to 18.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.31 to 19.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.86 from a trend line in the daily time frame.
- Resistance @23.99 from a trend line 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 | DOWN | NEGATIVE | The long term trend for JKS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JKS is neutral. |
| ChartMill Relative Strength | 12.72 | NEGATIVE | JKS has a low relative strength, it was outperformed by 87.28% off all stocks 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) | DOWN | MIXED | The current price of JKS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JKS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.11 | NEUTRAL | The RSI value for JKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests JKS has a negative trend. |
| Stochastics (14,3) | 29.56 | NEUTRAL | The Stochastics value for JKS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for JKS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.28 | NEGATIVE | The low ADX value for JKS suggests a weak or negative 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)
18.36
-0.17 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.92%
1 Week-3.87%
2 Weeks-5.21%
1 Month8.19%
3 Month-18.51%
6 Month-17.26%
12 Month-38.26%
2 Year-56.19%
3 Year-70.03%
5 Year16.13%
10 Year-36.14%
15 Year75.69%
Volatility
ATR(14)0.88
ATR(20)%5.01%
ATR Inc-36.9%
Range Today0.42
ADR(20)0.89
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.72
Mansfield-1.71
10 Day High19.94
10 Day Low17.73
20 Day High20.77
20 Day Low16.16
52 Week High37.36
52 Week Low13.42
CS1 End18.32
CR1 Start18.46
Volume & EV
DER(3)-0.21%
DER(5)0.75%
Volume386.20K
Volume Incr-45.38%
Vol(5)449.16K
Vol(50)971.39K