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Is JinkoSolar Holding Co., Ltd (JKS) Stock About to Get Hot Wednesday?

Wednesday, October 21, 2020 10:03 AM | InvestorsObserver Analysts

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Is JinkoSolar Holding Co., Ltd (JKS) Stock About to Get Hot Wednesday?

The market has been high on JinkoSolar Holding Co., Ltd (JKS) stock recently. JKS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
JinkoSolar Holding Co., Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on JKS!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With JKS Stock Today?

JinkoSolar Holding Co., Ltd (JKS) stock is trading at $82.38 as of 10:00 AM on Wednesday, Oct 21, a decline of -$5.17, or -5.91% from the previous closing price of $87.55. The stock has traded between $78.80 and $90.20 so far today. Volume today is less active than usual. So far 5,631,757 shares have traded compared to average volume of 9,242,399 shares.

To see the top 5 stocks in the Solar industry click here.

More About JinkoSolar Holding Co., Ltd

JinkoSolar Holding Co Ltd is engaged in the PV industry. The firm has built a vertically integrated solar power product value chain, manufacturing from silicon wafers to solar modules. It sells solar modules under JinkoSolar brand. The company's product includes Swan, Tiger, Cheetah, and others. Geographically, the firm generates a majority of its revenue from North America.

Click Here to get the full Stock Score Report on JinkoSolar Holding Co., Ltd (JKS) Stock.

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