Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. JinkoSolar Holding Co. Ltd ADR shares valued at $518,573 were purchased by HY Vision Cloud Holdings Limit on Sep 30 ’24. At $25.93 per share, HY Vision Cloud Holdings Limit acquired 20,000 shares.
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As published in a research note from ROTH MKM on March 21, 2024, JinkoSolar Holding Co. Ltd ADR [JKS] has been rated down from a Buy to a Neutral and the price target has been revised to $25 from $50. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early February. As of February 05, 2024, Daiwa Securities has decreased its “an Outperform” rating to a “Neutral” for JKS. Earlier on January 26, 2024, Daiwa Securities initiated its rating. Their recommendation was “an Outperform” for JKS stock.
Analyzing JKS Stock Performance
During the last five days, there has been a surge of approximately 27.59%. Over the course of the year, JinkoSolar Holding Co. Ltd ADR shares have dropped approximately -30.89%. Shares of the company reached a 52-week high of $36.26 on 01/02/24 and a 52-week low of $16.70 on 08/30/24. A 50-day SMA is recorded $19.85, while a 200-day SMA reached $24.59. Nevertheless, trading volume fell to 2.07 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for JinkoSolar Holding Co. Ltd ADR (JKS)
According to the 24-hour chart, there is a support level at 24.83, which, if violated, would cause prices to drop to 24.12. In the upper region, resistance lies at 26.57. The next price resistance is at 27.60. RSI (Relative Strength Index) is 69.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.39, which suggests the price will increase in the coming days. Percent R is at 21.80%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
