GRIN NEWS why is Grindrod Shipping Holdings Ltd. price falling or rising

GRIN NEWS reasons for why stock price of Grindrod Shipping Holdings Ltd. is falling or rising

GRIN Grindrod Shipping is falling or rising technical reasons

Technical analysis forecast of Grindrod Shipping Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Grindrod Shipping GRIN at this time. Stock is rising and might rise more.

It appears as if Grindrod Shipping GRIN gave a large move recently.

Stock of Grindrod Shipping (GRIN) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Grindrod Shipping is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 13.8, for a target of 13.6 or 13.54

GRIN Grindrod Shipping is falling or rising NEWS fundamental reasons

More announcements and NEWS

GRIN Grindrod Shipping Holdings Ltd. current price & indicator signals

Moving Averages for Grindrod Shipping Holdings Ltd.

  • 5Day Average: 13.69
  • 12Day Average: 13.74
  • 20Day Average: 13.71
  • 50Day Average: 12.33
  • 100Day Average: 10.71
  • 150Day Average: 10.13
  • 200Day Average: 9.88

GRIN Indicators & signals

Indicator MACD (12,26,9)

13.7, 13.36, 0.46
Indicator MACD is in positive zone

Indicator ADX (14)

0, 21.88, 21.88
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GRIN Grindrod Shipping Holdings Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 13.75 13.62 to 13.75 0.15% 0.96 times
16 Thu May 2024 13.73 13.52 to 13.79 0.81% 0.67 times
15 Wed May 2024 13.62 13.35 to 13.73 0.37% 0.99 times
14 Tue May 2024 13.57 13.51 to 13.67 -1.38% 0.39 times
13 Mon May 2024 13.76 13.55 to 13.76 -0.22% 0.48 times
10 Fri May 2024 13.79 13.78 to 13.89 -0.36% 0.27 times
09 Thu May 2024 13.84 13.67 to 13.85 0.44% 0.34 times
08 Wed May 2024 13.78 13.57 to 13.85 0.58% 0.79 times
07 Tue May 2024 13.70 13.20 to 13.73 0% 3.54 times
06 Mon May 2024 13.70 13.55 to 14.00 -1.86% 1.25 times
03 Fri May 2024 13.96 13.63 to 13.99 1.68% 1.29 times
02 Thu May 2024 13.73 13.50 to 13.73 1.4% 0.77 times

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