GRIN Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Grindrod Shipping Holdings Ltd (GRIN) Moving Averages Convergence Divergence (MACD) indicator is 0.07, suggesting GRIN is Buy.

Grindrod Shipping Holdings Ltd (GRIN) 20-Day simple moving average is 14.16, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it Buy.

Grindrod Shipping Holdings Ltd (GRIN) 60-Day simple moving average is 13.91, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it Buy.

Technical Analysis for GRIN

Technical Sentiment Analysis for Grindrod Shipping Holdings Ltd (GRIN) As of 2024-08-15, Grindrod Shipping Holdings Ltd (GRIN) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 8 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GRIN stands at 68.18, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.07, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 88.1 and the Commodity Channel Index (CCI) at 117.89 further confirm a 0.05 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, GRIN is trading above its 60-day moving average of $13.91 and above its 200-day long-term moving average of $11.36. Key price levels to watch include the immediate resistance at $14.22 and strong support at $14.18. A break above $14.22 could signal a bull continuation, while falling below $14.18 may test the next Fibonacci floor at $14.16.

Grindrod Shipping Holdings Ltd (GRIN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	14.13	14.16	14.18	14.2	14.22	14.25	14.27
Fibonacci	14.16	14.17	14.18	14.2	14.22	14.23	14.25

Grindrod Shipping Holdings Ltd (GRIN) Technical Indicators

2024-08-15

Name	Value
RSI_14	68.18
STOCHk_14_3_3	88.1
STOCHd_14_3_3	89.38
CCI_20	117.89
AO_5_34	0.16
MOM_10	0.05
MACD_12_26_9	0.07

Grindrod Shipping Holdings Ltd (GRIN) Relative Strength Index (RSI) is 68.18, creating a Neutral signal.

Grindrod Shipping Holdings Ltd (GRIN) Stochastic Oscillator is 88.1, creating a Sell signal.

Grindrod Shipping Holdings Ltd (GRIN) Stochastic RSI is 89.38, creating a Sell signal.

Grindrod Shipping Holdings Ltd (GRIN) Commodity Channel Index (CCI) is 117.89, creating a Sell signal.

Grindrod Shipping Holdings Ltd (GRIN) Awesome Oscillator is 0.16, creating a Buy signal.

Grindrod Shipping Holdings Ltd (GRIN) Momentum is 0.05, creating a Buy signal.

Grindrod Shipping Holdings Ltd (GRIN) MACD is 0.07, creating a Buy signal.

Grindrod Shipping Holdings Ltd (GRIN) Moving Average

2024-08-15

Period	Simple	Signal
MA_5	14.21	Buy
MA_10	14.18	Buy
MA_20	14.16	Buy
MA_60	13.91	Buy
MA_200	11.36	Buy
MA_250	-	Buy

Grindrod Shipping Holdings Ltd (GRIN) 5-Day simple moving average is 14.21, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it a Buy.

Grindrod Shipping Holdings Ltd (GRIN) 10-Day simple moving average is 14.18, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it a Buy.

Grindrod Shipping Holdings Ltd (GRIN) 20-Day simple moving average is 14.16, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it a Buy.

Grindrod Shipping Holdings Ltd (GRIN) 60-Day simple moving average is 13.91, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it a Buy.

Grindrod Shipping Holdings Ltd (GRIN) 200-Day simple moving average is 11.36, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it a Buy.

Grindrod Shipping Holdings Ltd (GRIN) 250-Day simple moving average is -, while Grindrod Shipping Holdings Ltd (GRIN) share price is $27.7045, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for GRIN?

The overall technical consensus for Grindrod Shipping Holdings Ltd (GRIN) is currently Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 5 sell signals.

What are the key support and resistance levels for Grindrod Shipping Holdings Ltd (GRIN) today?

Based on pivot point calculations, Grindrod Shipping Holdings Ltd (GRIN) has an immediate support level at 14.18 and a major resistance level at 14.22. Traders also monitor the pivot point at 14.2 to determine the intraday trend direction.

Is Grindrod Shipping Holdings Ltd (GRIN) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Grindrod Shipping Holdings Ltd (GRIN) is currently 68.18. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Grindrod Shipping Holdings Ltd (GRIN)?

Grindrod Shipping Holdings Ltd (GRIN) Moving Averages Convergence Divergence (MACD) indicator is 0.07, suggesting GRIN is Buy. This indicator helps identify potential trend reversals or momentum shifts for Grindrod Shipping Holdings Ltd.

How is Grindrod Shipping Holdings Ltd (GRIN) performing relative to its 200-day moving average?

Grindrod Shipping Holdings Ltd (GRIN) is currently trading at $27.7045, which is above its 200-day simple moving average of 11.36. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.