JD.com, Inc. (NASDAQ:JD) gained 2.09% in yesterday’s session, going up from its prior closing price of $38.34 to $39.14. The price has fallen in 7 of the last 10 days and is down by -8.93% over the same course of time. Trading activity decreased by -9.53 million shares, and in total, 11.73 M shares exchanged hands for about $458.94 million. It should be noted that increasing price and decreasing volume show lack of interest and this is a warning that something has fundamentally changed.
Inside JD’s Recent Trend
JD.com, Inc. (JD) lies in the lower of a wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down through the resistance trend line at $38.05 will initially point to a quick declining speed. Short-term traders are anticipated to see a retreat of -5.04% over the course of a quarter and, with 90% chance the price will be floating in the range of $36.13 and $44.22 in this timeframe.
JD.com, Inc. Technical Signals
JD is a buy based on short-term MA; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On additional rally, the share price will meet long term resistance at around $41.60. On a drop, the stock is likely to find some support over the short run, which begins at $38.91. A buy signal will be generated if it crosses above the long term moving average. Meanwhile, a price down versus the short-term MA will be a fresh sales call. Its pivot point high generated sell signal on Tuesday October 03, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity.
JD.com, Inc. (NASDAQ:JD) Support And Resistance Levels
JD.com, Inc. (JD) recorded volume accumulation so there will probably be a surplus of buyers at $38.65. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $40.80, $44.25 and $45.27.
Accumulated volume is going to prevent the price from rising further at $40.80 and this action will lead the price to take a temporary pause or stay muted for a few days.
JD.com, Inc. (JD) Risk Assessment
A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $1.06 between high and low, or 2.77%. The average volatility for the past week stood at 3.37%.
JD.com is in oversold territory based on Relative Strength Index reading (20). In some cases it takes more time for the trend to shift while the stock is being oversold and the Relative Strength Index keeps moving.