RSI low/high Values: [ 25 - 75 ]
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AI Analysis of GRIN
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Grindrod Shipping stock price down 1.41% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 14, 2024 Gain 6.40% PDF

The Grindrod Shipping stock price fell by -1.41% on the last day (Thursday, 28th Mar 2024) from $10.50 to $10.35. During the last trading day the stock fluctuated 5.29% from a day low at $10.02 to a day high of $10.55. The price has risen in 6 of the last 10 days and is up by 6.4% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 9 thousand shares were bought and sold for approximately $94.19 thousand.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.44% during the next 3 months and, with a 90% probability hold a price between $10.21 and $12.44 at the end of this 3-month period.

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GRIN Signals & Forecast

The Grindrod Shipping stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.48. On a fall, the stock will find some support from the long-term average at approximately $9.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -5.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, March 12, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, March 12, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Grindrod Shipping stock

Grindrod Shipping finds support from accumulated volume at $9.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.530 between high and low, or 5.29%. For the last week the stock has had daily average volatility of 4.09%.

Our recommended stop-loss: $9.84 (-4.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (GRIN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Grindrod Shipping Holdings Ltd. to open at $10.31, and during the day (based on 14 day Average True Range), to move between $9.91 and $10.79, which gives a possible trading interval of +/-$0.440 (+/-4.25%) up or down from last closing price. If Grindrod Shipping Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.50 (1.43%) than the support at $9.94 (3.98%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Grindrod Shipping Holdings Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grindrod Shipping stock to perform well in the short-term.

Current score: 1.634 Buy Candidate Unchanged

Predicted Opening Price for Grindrod Shipping Holdings Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.31 ( 0.434%) $10.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GRIN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.84 4.68 %
R2 10.63 2.73 %
R1 10.51 1.52 %
Current price: 10.35
Support S1 10.11 -2.39 %
S2 9.98 -3.60 %
S3 9.78 -5.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.92 5.48 %
R2 10.53 1.72 %
R1 10.50 1.43 %
Current price 10.35
Support S1 9.94 -3.98%
S2 9.49 -8.33%
S3 9.00 -13.06%

GRIN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 29, 2023 Oct 19, 2023 Nov 18, 2023 $1.65 18.60%
2 May 17, 2023 Jun 08, 2023 Jun 19, 2023 $0.0300 0.352%
3 Feb 15, 2023 Mar 09, 2023 Jun 19, 2023 $0.0300 0.352%
4 Oct 28, 2022 Nov 30, 2022 Dec 05, 2022 $5.00 23.83%
5 Aug 18, 2022 Sep 08, 2022 Sep 19, 2022 $0.84 3.39%

FAQ

What is the symbol for Grindrod Shipping Stock and on which exchange is it traded?
The symbol for Grindrod Shipping is GRIN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Grindrod Shipping Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grindrod Shipping stock to perform well in the short-term.

How to buy Grindrod Shipping Stock?
Grindrod Shipping Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Grindrod Shipping Stock.

What's the current price of Grindrod Shipping Stock?
As of the end of day on the 2024-03-28, the price of an Grindrod Shipping (GRIN) share was $10.35.

What is the 52-week high and low for Grindrod Shipping Stock?
The 52-week high for Grindrod Shipping Stock is $14.90 and the 52-week low is $6.80.

What is the market capitalization of Grindrod Shipping Stock?
As of the 2024-03-28, the market capitalization of Grindrod Shipping is 204.456M.

When is the next earnings date for Grindrod Shipping?
The upcoming earnings date for Grindrod Shipping is May 15, 2024.
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About Grindrod Shipping Holdings Ltd.

Grindrod Shipping Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned ... GRIN Profile

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