JD.com: buy signal holds its first confirmation
JD.com adds 1.9% as the buy signal holds amid rising daily lows
JD.com: buy signal holds its first confirmation
Our view last week
JD.com's Sell signal, which was fading last week with its gain down to 2.19%, has now switched off completely: in its place, a fresh Buy signal fires, 7th among the 20 new US Longs. JD.com stock closes the week up 5%, with three rising daily lows toward the 26 area and buyers in control on the short time frame. For anyone tracking JD.com with weekly technical analysis, the picture still calls for a measured approach: the Consumer Discretionary sector is running through a weak patch.
This week's summary
JD.com's buy signal, which fired last week, holds: the week just closed adds 1.9%, with four rising daily lows from the 25 area to the 30 area and the weekly MACD crossing bullish, while an ongoing distribution phase calls for some caution. For anyone tracking JD.com stock with weekly technical analysis, the Consumer Discretionary sector remains weak.
IQS Phase
50
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#62 / 124
US stocks in progress
Trade P&L %
+1.92%
from signal to today
Rank position
ranks 62nd among the 124 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -5.22% · monthly -4.92%
JD belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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