JD.com stock upgraded to Buy Candidate. (Updated on August 31, 2021)

Buy or Hold candidate since 2021-08-24 Gain 4.44% PDF

The JD.com stock price gained 2.44% on the last trading day (Tuesday, 31st Aug 2021), rising from $76.69 to $78.56. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.22% from a day low at $77.30 to a day high of $80.56. The price has risen in 8 of the last 10 days and is up by 22.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $1.02 billion.

Given the current short-term trend, the stock is expected to fall -5.55% during the next 3 months and, with a 90% probability hold a price between $58.19 and $74.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

Mostly positive signals in the chart today. The JD.com stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $75.12 and $71.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 26.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months 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

JD.com finds support from accumulated volume at $75.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be high risk. During the last day, the stock moved $3.26 between high and low, or 4.22%. For the last week, the stock has had a daily average volatility of 3.31%.

Our recommended stop-loss: $75.62 (-3.74%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)

Is JD.com stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.033

Predicted Opening Price for JD.com of Wednesday, September 1, 2021

The predicted opening price is based on yesterdays movements between high, low, and the closing price.

Fair opening price September 1, 2021 Current price
$78.81 $78.56 (Undervalued)

Buy Candidate Upgraded

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On August 24, 2021 Benchmark gave $112.00 - $102.00 rating for JD. The price target was set to $65.73+3.3%.

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