Jd.com, Inc. Stock Forecast
Jd.com, Inc. stock downgraded to Hold/Accumulate
(Updated on May 29, 2024)
No changes to the price of Jd.com, Inc. stock on the last trading day (Wednesday, 29th May 2024). During the last trading day the stock fluctuated 0% from a day low at $15.20 to a day high of $15.20. The price has been going up and down for this period, and there has been a -9.58% loss for the last 2 weeks.
The stock lies in the lower part of a 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 $14.55 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 33.32% during the next 3 months and, with a 90% probability hold a price between $19.40 and $24.18 at the end of this 3-month period.
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JDCMF Signals & Forecast
The Jd.com, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.20. On a fall, the stock will find some support from the long-term average at approximately $15.08. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jd.com, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $14.11 and $13.29. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jd.com, Inc. finds support just below today's level at $14.11. If this is broken, then the next support from accumulated volume will be at $13.29 and $12.61.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $14.26 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (JDCMF) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Jd.com, Inc. to open at $15.20, and during the day (based on 14 day Average True Range), to move between $14.83 and $15.57, which gives a possible trading interval of +/-$0.371 (+/-2.44%) up or down from last closing price. If Jd.com, Inc. takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.00 (5.26%) than the support at $14.11 (7.17%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Jd.com, Inc. of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $15.20 ( 0.00000000%) | $15.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JDCMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.20 | 0.00000000 % | |
| R2 | 15.20 | 0.00000000 % | ||
| R1 | 15.20 | 0.00000000 % | ||
| Current price: | 15.20 | |||
| Support | S1 | 15.20 | 0.00000000 % | |
| S2 | 15.20 | 0.00000000 % | ||
| S3 | 15.20 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.00 | 11.84 % | |
| R2 | 16.81 | 10.59 % | ||
| R1 | 16.00 | 5.26 % | ||
| Current price | 15.20 | |||
| Support | S1 | 14.11 | -7.17% | |
| S2 | 13.29 | -12.59% | ||
| S3 | 12.61 | -17.04% |
JDCMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 23, 2024 | $0.380 | 2.69% |
| 2 | Apr 04, 2023 | Apr 04, 2023 | Apr 04, 2023 | $0.310 | 1.49% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | $0.630 | 2.44% |
FAQ
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