Jinhui Shipping & Transportation Ltd Stock Forecast
Jinhui Shipping & Transportation Ltd stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Jinhui Shipping & Transportation Ltd stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 3.36% from a day low at kr6.54 to a day high of kr6.76. The price has fallen in 6 of the last 10 days and is down by -7.89% for this period.
Given the current short-term trend, the stock is expected to rise 19.47% during the next 3 months and, with a 90% probability hold a price between kr7.81 and kr9.27 at the end of this 3-month period.
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JIN.OL Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jinhui Shipping & Transportation Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr6.65 and kr6.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -11.62%. 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). 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.
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 kr5.82. 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 kr5.82 and kr5.80.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.220 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JIN.OL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jinhui Shipping & Transportation Ltd to open at kr6.61, and during the day (based on 14 day Average True Range), to move between kr6.15 and kr6.93, which gives a possible trading interval of +/-kr0.393 (+/-6.00%) 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 12.01% 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 (3.36%) than the support at kr6.12 (6.42%), 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?
The Jinhui Shipping & Transportation Ltd stock holds several negative signals and despite the positive trend, we believe Jinhui Shipping & Transportation Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.384 Sell Candidate Unchanged
Predicted Opening Price for Jinhui Shipping & Transportation Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr6.61 ( 1.12%) | kr6.54 |
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 | 6.83 | 4.49% |
| R2 | 6.75 | 3.20% |
| R1 | 6.70 | 2.41% |
| Price | 6.54 | |
| S1 | 6.53 | -0.164% |
| S2 | 6.48 | -0.96% |
| S3 | 6.39 | -2.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.40 | 13.15% |
| R2 | 7.36 | 12.54% |
| R1 | 6.76 | 3.36% |
| Price | 6.54 | |
| S1 | 6.12 | -6.42% |
| S2 | 5.82 | -11.01% |
| S3 | 5.80 | -11.31% |
JIN Dividend Payout History
| # | 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
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