Grindrod Shipping Holdings (GRIN, $14.19) price may drop as it broke higher Bollinger Band on Aug 09, 2024

#MarineShipping, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap
GRIN - Grindrod Shipping Holdings Ltd
Bollinger signal
Bearish Trend
78%
Odds of DOWN Trend
Price: $14.19
Daily change: +$0.04 (+0.28%)
Daily volume: 43.4K
Capitalization: $279.3M
Industry: Marine Shipping

This price move could be a signal that GRIN may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 49 similar cases where GRIN's price broke its higher Bollinger Band, and 38 of them led to a successful outcome. Odds of Success: 78%.