JD.com narrowed losses
Shares of the Chinese e-commerce giant JD.com (JD) started witnessing an uptrend soon after the company came up with stronger-than-expected quarterly results. The company’s top line is growing at a healthy rate, though its pace of growth has slowed. What’s encouraging is its improved bottom-line performance, after the company narrowed its losses and topped the analyst estimate for adjusted earnings.
Of the 35 analysts covering JD.com, 26 have issued “buy” recommendations, eight have issued “hold” recommendations, and one has given it a “sell.” The analyst stock price target for JD.com is $30.19, with a median target estimate of $30.00, which means that the shares of the company are trading at a discount of nearly 13.5% to the median target.
On August 23, JD.com’s last trading price was $25.94. The company’s stock was trading 10.5% above its 20-day moving average of $23.48, 17.2% above its 50-day moving average of $22.14, and 10.1% above its 100-day moving average of $23.57.
MACD and RSI
A stock’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. JD.com’s 14-day MACD of 0.79 shows an upward trading trend, as the figure is positive.
JD.com’s 14-day RSI (relative strength index) is 74, which shows that the stock is overbought. Remember, an RSI figure of above 70 indicates that a stock has been overbought, whereas RSI figure of below 30 suggests that a stock has been oversold.