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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JIN.OL
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Jinhui Shipping & Transportation Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 22, 2024 Loss -2.06% PDF

The Jinhui Shipping & Transportation Ltd stock price gained 1.22% on the last trading day (Friday, 14th Jun 2024), rising from kr6.58 to kr6.66. During the last trading day the stock fluctuated 7.69% from a day low at kr6.50 to a day high of kr7.00. The price has fallen in 6 of the last 10 days and is down by -10% for this period. Volume fell on the last day by -37 thousand shares and in total, 53 thousand shares were bought and sold for approximately kr351.82 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr6.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 21.52% during the next 3 months and, with a 90% probability hold a price between kr7.89 and kr9.28 at the end of this 3-month period.

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JIN.OL Signals & Forecast

A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -10.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Jinhui Shipping & Transportation Ltd 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 kr6.87. On a fall, the stock will find some support from the long-term average at approximately kr6.48. 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. The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-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

The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-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 Jinhui Shipping & Transportation Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at kr6.12 and kr5.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jinhui Shipping & Transportation Ltd finds support just below today's level at kr6.12. If this is broken, then the next support from accumulated volume will be at kr5.80 and kr5.70.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.500 between high and low, or 7.69%. For the last week the stock has had daily average volatility of 7.28%.

Our recommended stop-loss: kr6.35 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (JIN.OL) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Jinhui Shipping & Transportation Ltd to open at kr6.72, and during the day (based on 14 day Average True Range), to move between kr6.24 and kr7.08, which gives a possible trading interval of +/-kr0.418 (+/-6.27%) up or down from last closing price. If Jinhui Shipping & Transportation Ltd takes out the full calculated possible swing range there will be an estimated 12.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr6.76 (1.50%) than the support at kr6.12 (8.11%), 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 Jinhui Shipping & Transportation Ltd stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.420 Buy Candidate Upgraded

Predicted Opening Price for Jinhui Shipping & Transportation Ltd of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
kr6.72 ( 0.90%) kr6.66

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

Trading levels for JIN.OL

Fibonacci Support & Resistance Levels

Level Price
R3 7.22 8.41%
R2 7.03 5.54%
R1 6.91 3.77%
Price 6.66
S1 6.53 -1.97%
S2 6.41 -3.74%
S3 6.22 -6.61%

Accumulated Volume Support & Resistance Levels

Level Price
R3 7.40 11.11%
R2 7.36 10.51%
R1 6.76 1.50%
Price 6.66
S1 6.12 -8.11%
S2 5.80 -12.91%
S3 5.70 -14.41%

JIN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 25, 2023 May 25, 2023 May 25, 2023 kr0.0400 0.559%
2 Aug 30, 2022 Aug 30, 2022 Aug 30, 2022 kr0.0300 0.347%
3 May 23, 2022 May 23, 2022 May 23, 2022 kr0.0700 0.391%
4 Aug 30, 2021 Aug 30, 2021 Aug 30, 2021 kr0.0300 0.194%
5 Feb 28, 2019 May 16, 2019 Jun 05, 2019 kr0.0230 0.310%

FAQ

What is the symbol for Jinhui Shipping & Transportation Ltd Stock and on which exchange is it traded?
The symbol for Jinhui Shipping & Transportation Ltd is JIN.OL and it is traded on the OSE (Oslo Stock Exchange).

Should I buy or sell Jinhui Shipping & Transportation Ltd Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Jinhui Shipping & Transportation Ltd Stock?
As of the end of day on the Jun 14, 2024, the price of an Jinhui Shipping & Transportation Ltd (JIN.OL) share was kr6.66.

What is the 52-week high and low for Jinhui Shipping & Transportation Ltd Stock?
The 52-week high for Jinhui Shipping & Transportation Ltd Stock is kr8.08 and the 52-week low is kr5.35.

What is the market capitalization of Jinhui Shipping & Transportation Ltd Stock?
As of the Jun 14, 2024, the market capitalization of Jinhui Shipping & Transportation Ltd is 727.665M.

When is the next earnings date for Jinhui Shipping & Transportation Ltd?
The upcoming earnings date for Jinhui Shipping & Transportation Ltd is Aug 30, 2024.
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About Jinhui Shipping & Transportation Ltd

Jinhui Shipping & Transportation Ltd Jinhui Shipping and Transportation Limited, an investment holding company, engages in ship chartering and owning activities worldwide. The company provides ship management and shipping agent services. As of December 31, 2021, it owned a fleet of 24 dry bulk vessels, which include 2 Post-Panamax and 22 grab lifted Supramax. The company was founded in 1987 and is based in Hong Kong, Hong Kong. Jinhui Shipping and Transportation Limited is a subsidi... JIN.OL Profile

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