JD.com Stock Forecast
Green day on Tuesday for JD.com
(Updated on Jul 02, 2024)
The JD.com stock price gained 1.16% on the last trading day (Tuesday, 2nd Jul 2024), rising from $25.79 to $26.09. During the last trading day the stock fluctuated 2.25% from a day low at $25.58 to a day high of $26.15. The price has fallen in 8 of the last 10 days and is down by -10.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $235.56 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.81 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 4.44% during the next 3 months and, with a 90% probability hold a price between $26.96 and $37.61 at the end of this 3-month period.
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JD Signals & Forecast
There are mixed signals in the stock today. The JD.com 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 $26.77 and $30.01. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.16%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for JD.com stock
JD.com finds support from accumulated volume at $25.84 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 $0.575 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 2.48%.
JD.com is oversold on RSI14 (21). 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 (JD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect JD.com to open at $25.94, and during the day (based on 14 day Average True Range), to move between $25.27 and $26.91, which gives a possible trading interval of +/-$0.82 (+/-3.15%) up or down from last closing price. If JD.com takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.84 (0.96%) than the resistance at $26.99 (3.45%), 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 stock A Buy?
JD.com holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.347 Sell Candidate Unchanged
Predicted Opening Price for JD.com of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $25.94 ( 0.581%) | $26.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.51 | 1.62% |
| R2 | 26.29 | 0.780% |
| R1 | 26.16 | 0.260% |
| Price | 26.09 | |
| S1 | 25.72 | -1.42% |
| S2 | 25.58 | -1.94% |
| S3 | 25.36 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.34 | 16.29% |
| R2 | 29.89 | 14.56% |
| R1 | 26.99 | 3.45% |
| Price | 26.09 | |
| S1 | 25.84 | -0.96% |
| S2 | 25.51 | -2.22% |
| S3 | 25.39 | -2.68% |
JD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Apr 04, 2024 | Apr 29, 2024 | $0.740 | 2.48% |
| 2 | Mar 09, 2023 | Apr 05, 2023 | May 04, 2023 | $0.620 | 1.73% |
| 3 | May 10, 2022 | May 19, 2022 | Jun 14, 2022 | $1.26 | 2.02% |
FAQ
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