JD.Com Stock Soars 102% In A Year: Can Q4 Earnings Keep The Rally Alive?

Comments
Loading...
Zinger Key Points

JD.com Inc JD will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 80 cents in EPS and $45.16 billion in revenues as the company reports before market hours.

The stock is up 101.96% over the past year, 26.50% YTD.

Let’s look at what the charts indicate for JD.com stock and how the stock currently maps against Wall Street estimates.

Read Also: 3 China-Focused ETFs To Watch As Stronger Manufacturing Data, Stimulus Hopes Boost Sentiment

JD.com Stock Strongly Bullish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

JD.com stock is currently in a strong bullish trend, trading above its five-day, 20-day and 50-day exponential moving averages. The stock's price of $42.94 remains above key support levels, with the eight-day simple moving average at $41.31, 20-day at $40.77 and the 50-day at $38.56 — all reinforcing the bullish momentum.

Additionally, JD.com stock is well above its 200-day simple moving average of $33.89, signaling strong longer-term support.

The Moving Average Convergence Divergence (MACD) indicator at 0.78 suggests continued upward momentum, while the Relative Strength Index (RSI) at 57.75 indicates the stock is in neutral territory, leaving room for further gains.

Investors should monitor whether JD.com stock can sustain its bullish trend and break above resistance levels to confirm further upside potential.

JD.com Analysts See 17% Upside

Ratings & Consensus Estimates: The consensus analyst rating on JD.com stock stands at a Buy currently with a price target of $42. Barclays, Bernstein and Citigroup’s latest ratings for JD.com stock have an average price target of $50.67, implying a 16.76% upside for the stock.

JD Price Action: JD.com stock is up 6.35% at $43.55 at publication Wednesday.

Read Next:

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs

Posted In: