Ongoing decline · week 8 · Nasdaq
JD.com drops 2.8% to a fresh 30-day low in its 6th straight weekly decline
Our view last week
Sellers took 91% of the week's volume, and money flow, positive for 8 weeks, has dropped below zero: the turn that was only hinted at a week ago. JD.com stock closes down 1.5%, a 5th straight weekly loss, with the weekly MACD histogram falling for 7 weeks. Technical analysis and price action describe a decline moving in small steps, with ADX still low; among US stocks on a sell signal, this short is 8.8% in profit.
This week's summary
JD.com carved out a fresh 30-day low, in the 25.7 area, and the weekly close confirmed it: down 2.8%, a 6th straight weekly decline. Money flow, which slipped below zero last week, has weakened further, and the MACD histogram has been falling for 8 weeks. Technical analysis of JD.com stock shows bearish price action, yet a daily RSI at 30 warns that a technical bounce is possible. The short is 11.3% in profit.
IQS Phase
79
in tension
Signal Strength
38
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#64 / 175
US stocks
Trade P&L %
+11.29%
from signal to date, no stop loss
Rank position
ranks 64th among the 175 sell signals for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
JD belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
restricted Platinum content