Jd.com, Inc. Stock Forecast
Stronger technical forecast for Jd.com, Inc. stock price after Thursday trading.
(Updated on Jun 20, 2024)
The Jd.com, Inc. stock price fell by -2.43% on the last day (Thursday, 20th Jun 2024) from HK$115.20 to HK$112.40. During the last trading day the stock fluctuated 3.57% from a day low at HK$112.10 to a day high of HK$116.10. The price has fallen in 7 of the last 10 days and is down by -5.86% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -968 thousand shares and in total, 9 million shares were bought and sold for approximately HK$1.03 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$110.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.62% during the next 3 months and, with a 90% probability hold a price between HK$126.12 and HK$164.63 at the end of this 3-month period.
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9618.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jd.com, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$113.90 and HK$121.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -17.84%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jd.com, Inc. stock
Jd.com, Inc. finds support from accumulated volume at HK$107.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$4.00 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: HK$105.61 (-6.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (9618.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Jd.com, Inc. to open at HK$113.53, and during the day (based on 14 day Average True Range), to move between HK$108.74 and HK$116.06, which gives a possible trading interval of +/-HK$3.66 (+/-3.25%) up or down from last closing price. If Jd.com, Inc. takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$113.90 (1.33%) than the support at HK$107.90 (4.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jd.com, Inc. stock A Buy?
Jd.com, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.599 Hold/Accumulate Upgraded
Predicted Opening Price for Jd.com, Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$113.53 ( 1.01%) | HK$112.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9618.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 117.53 | 4.57% |
| R2 | 116.01 | 3.21% |
| R1 | 115.06 | 2.37% |
| Price | 112.40 | |
| S1 | 112.01 | -0.351% |
| S2 | 111.06 | -1.19% |
| S3 | 109.53 | -2.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 123.70 | 10.05% |
| R2 | 115.70 | 2.94% |
| R1 | 113.90 | 1.33% |
| Price | 112.40 | |
| S1 | 107.90 | -4.00% |
| S2 | 106.60 | -5.16% |
| S3 | 103.60 | -7.83% |
9618 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 23, 2024 | HK$0.411 | 0.386% |
| 2 | Apr 04, 2023 | Apr 04, 2023 | Apr 27, 2023 | HK$0.354 | 0.260% |
| 3 | May 19, 2022 | May 19, 2022 | Jun 08, 2022 | HK$0.737 | 0.290% |
FAQ
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