JinkoSolar Holding Company LimitedPembelian
JKS, Stochastic Oscillator left the oversold zone on January 20
This is a signal that JKS's price trend could be reversing, and it may be an opportunity to buy the stock or explore call options. Tickeron's A.I.dvisor identified 62 similar cases where JKS's stochastic oscillator exited the oversold zone, and 52 of them led to successful outcomes. Odds of Success: 84%. Current price $67.31 crossed the resistance line at $65.31 and is trading between $69.41 resistance and $65.31 resistance lines. Throughout the month of 12/16/20 - 01/20/21, the price experienced a +9% Uptrend. During the week of 01/12/21 - 01/20/21, the stock enjoyed a +2% Uptrend growth.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 52 of 62 cases where JKS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 84%.
JKS moved above its 50-day Moving Average on January 20, 2021 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for JKS crossed bullishly above the 50-day moving average on December 24, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 56%.
The 50-day Moving Average for JKS moved above the 200-day moving average on August 05, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +15.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where JKS advanced for three days, in 245 of 304 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
JKS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 160 of 191 cases where JKS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 84%.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 52 of 62 cases where JKS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 84%.
JKS moved above its 50-day Moving Average on January 20, 2021 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for JKS crossed bullishly above the 50-day moving average on December 24, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 56%.
The 50-day Moving Average for JKS moved above the 200-day moving average on August 05, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +15.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where JKS advanced for three days, in 245 of 304 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
JKS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 160 of 191 cases where JKS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 84%.
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