The market has been high on JinkoSolar Holding Co., Ltd (JKS) stock recently. JKS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
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 uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With JKS Stock Today?
JinkoSolar Holding Co., Ltd (JKS) stock is trading at $59.15 as of 10:01 AM on Friday, Aug 19, a drop of -$3.52, or -5.62% from the previous closing price of $62.67. The stock has traded between $59.07 and $60.56 so far today. Volume today is below average. So far 328,477 shares have traded compared to average volume of 1,135,830 shares.
More About JinkoSolar Holding Co., Ltd
JinkoSolar Holding Co Ltd is engaged in the photovoltaic 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 the JinkoSolar brand. The company's product includes Swan, Tiger, Cheetah, and others. Its geographical segments are China (including Hong Kong and Taiwan), North America, Europe, Asia Pacific (except China, which includes Hong Kong and Taiwan), and the Rest of the world.
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