JinkoSolar Holding Co. Ltd ADR’s recently made public that its Director HY Vision Cloud Holdings Limit acquired Company’s shares for reported $0.52 million on Sep 30 ’24. In the deal valued at $25.93 per share,20,000 shares were bought.
Citigroup downgraded its JinkoSolar Holding Co. Ltd ADR [JKS] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who decreased its forecast for the stock in early January from “an Underperform” to “a Sell”. ROTH MKM also remained covering JKS and has decreased its forecast on March 21, 2024 with a “Neutral” recommendation from previously “Buy” rating. HSBC Securities revised its rating on February 05, 2024. It rated JKS as “a Hold” which previously was an “a Buy”.
Price Performance Review of JKS
On Tuesday, JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] saw its stock fall -0.15% to $19.37. Over the last five days, the stock has gained 8.27%. JinkoSolar Holding Co. Ltd ADR shares have fallen nearly -22.21% since the year began. Nevertheless, the stocks have fallen -25.81% over the past one year. While a 52-week high of $37.36 was reached on 01/07/25, a 52-week low of $13.42 was recorded on 04/11/25. SMA at 50 days reached $18.93, while 200 days put it at $21.55.
Levels Of Support And Resistance For JKS Stock
The 24-hour chart illustrates a support level at 18.87, which if violated will result in even more drops to 18.37. On the upside, there is a resistance level at 20.32. A further resistance level may holdings at 21.27. The Relative Strength Index (RSI) on the 14-day chart is 61.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.37%. Stochastics %K at 84.18% indicates the stock is a selling.
