JinkoSolar: Something is brewing!

Bad sentiment weighs on JinkoSolar

During the past few weeks, there has been an increase in negative comments about Jinkosolar on social media. The sentiment barometer of market participants pointed into the red zone. The share therefore receives a “Sell” rating from the editorial team. The intensity or, to put it simply, the frequency of posts about a share provides indications of whether the company is currently much or little in the focus of investors. Jinkosolar was discussed insignificantly more or less than normal. This leads to a “Hold” rating. Overall, this gives the stock a “sell” rating.

Technical analysts pessimistic

Comparing the moving average of the closing price of Jinkosolar shares over the last 200 trading days (GD200) of $54.85 with the current price ($44.93), there is a deviation of -18.09 percent. The stock thus receives a “Sell” rating from a chart perspective for the GD200. Let’s look at the moving average of the closing price of the last 50 trading days (GD50). For this ($49.65), the last closing price is also below the moving average (-9.51 percent deviation). The Jinkosolar share is thus given a “sell” rating on this shorter-term basis as well. Overall, the company thus receives a “sell” rating for the simple chart technique.

How do investors assess the situation?

Jinkosolar has been rated as particularly positive by predominantly private users on social media over the past two weeks. This is the conclusion reached by our editorial team when evaluating the various comments and word messages that have dealt with this value in the past two weeks. In contrast, predominantly negative topics were raised around the value in the past few days. In summary, we believe the investor sentiment at this level therefore allows the rating of “Hold”. Therefore, the overall measure of investor sentiment generates a “Hold” rating.

What is the fundamental analysis?

Jinkosolar’s stock is considered undervalued by the price-to-earnings (P/E) ratio measure. This is becauseThe P/E ratio of 30.02 is 61 percent lower overall than the industry average in the “semiconductor and semiconductor equipment” segment, which is 77.27. Against this backdrop, the stock receives a “buy” rating from a fundamental analysis perspective.

Overbought or sold? This is how the RSI currently behaves

With the help of the Relative Strength Index (RSI), an indicator from technical analysis, a statement can be made as to whether a security is “overbought” or “oversold”. For this purpose, the upward and downward movements of an underlying security over time are put into relation. Let’s take a look at the RSI of the last 7 days for the Jinkosolar share. The value is currently 82.95. Accordingly, the security is overbought, we therefore assign a “Sell” rating. The RSI of the last 25 trading days is less volatile than the RSI7 and complements our analysis with a longer-term view. In contrast to the RSI of the last 7 trading days, Jinkosolar is neither overbought nor -sold on this basis. The thus deviating rating of the stock for the 25-day RSI is therefore a “hold” rating. Overall, the analysis of the RSIs on Jinkosolar thus provides a “Sell” rating.

This is what analysts recommend for JinkoSolar

In the past 12 months, analysts have assigned Jinkosolar 0 times a buy rating, 1 times a hold rating, and 1 times a sell rating. In the long term, the stock thus receives a “hold” rating from institutional sources. There are no analyst updates on Jinkosolar from the last month. Finally, the analysts are also concerned with the current share price of USD 44.93. On this basis, they expect a development of -9.86 percent and generate a mean price target at USD 40.5. We consider this development as a “Sell” assessment. In this respect, the overall rating by institutional analysts is “Hold”.