JD breaks below prior session low

JD.com (JD) Technical Analysis Report for Sep 14, 2018

Highlights

JD dominated by bears dragging the market lower throughout the day
JD ends the day on a bearish note closing near the low of the day
JD breaks below previous session low

TQ Sentiment

Report Sentiment: 75% Bearish
Technical Forecast:

Overview

JD ended the week 0.59% higher at 27.11 after losing $0.65 (-2.34%) today. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 27.55, the stock confirms its breakout through the previous session's low having traded $0.51 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily chart for JD

Volatility

Friday's trading range was $0.98 (3.51%), that's slightly below last trading month's daily average range of $1.08. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Selling could speed up should prices move below the nearby swing low at 25.90 where further sell stops might get triggered. 2,017's low at 25.58 is within reach and we could see further downside momentum should the market break out beyond.

Conclusion

While classical technical analysis indicates a bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for JD.com

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