Jd.com, Inc. Stock Forecast
Red day on Friday for Jd.com, Inc. stock after losing 2.09%
(Updated on Jun 28, 2024)
The Jd.com, Inc. stock price fell by -2.09% on the last day (Friday, 28th Jun 2024) from HK$105.50 to HK$103.30. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.04% from a day low at HK$102.10 to a day high of HK$105.20. The price has fallen in 8 of the last 10 days and is down by -9.31% 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 -885 thousand shares and in total, 10 million shares were bought and sold for approximately HK$995.08 million.
Given the current short-term trend, the stock is expected to rise 6.61% during the next 3 months and, with a 90% probability hold a price between HK$110.13 and HK$150.27 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$108.30 and HK$118.35. 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 -24.49%. 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$102.90 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$3.10 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 2.46%.
Jd.com, Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9618.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Jd.com, Inc. to open at HK$103.53, and during the day (based on 14 day Average True Range), to move between HK$99.86 and HK$106.74, which gives a possible trading interval of +/-HK$3.44 (+/-3.33%) up or down from last closing price. If Jd.com, Inc. takes out the full calculated possible swing range there will be an estimated 6.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$102.90 (0.39%) than the resistance at HK$113.90 (10.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jd.com, Inc. stock A Buy?
The Jd.com, Inc. stock holds several negative signals and despite the positive trend, we believe Jd.com, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.881 Sell Candidate Unchanged
Predicted Opening Price for Jd.com, Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$103.53 ( 0.226%) | HK$103.30 |
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 | 106.63 | 3.23% |
| R2 | 105.45 | 2.08% |
| R1 | 104.72 | 1.37% |
| Price | 103.30 | |
| S1 | 102.35 | -0.92% |
| S2 | 101.62 | -1.63% |
| S3 | 100.43 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 123.70 | 19.75% |
| R2 | 115.70 | 12.00% |
| R1 | 113.90 | 10.26% |
| Price | 103.30 | |
| S1 | 102.90 | -0.387% |
| S2 | 102.40 | -0.87% |
| S3 | 97.30 | -5.81% |
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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