JD Shares Surge 4.40% to $33.25 as Technical Indicators Signal Bullish Reversal

JD (JD.com) shares surged 4.40% in the latest session, closing at $33.25 after a trading range of $32.61–$33.59. Below is a technical analysis integrating multiple methodologies, highlighting confluences and divergences.
Candlestick Theory
JD’s recent price action reveals significant candlestick signals. The 10/13 session formed a bullish belt-hold candle following the 10/10 bearish marubozu (low: $31.35, high: $34.19), suggesting rejection of lower prices near the $31.35 support. Key resistance is established at $34.98 (10/08 high), while support resides near $31.35 and $30.20 (September low). The gap-up opening on 10/13 reinforces near-term bullish sentiment but requires confirmation above $34.00 to invalidate the prior downtrend structure.
Moving Average Theory
The 50-day MA (~$35.02) recently crossed below the 100-day MA (~$35.80), indicating deteriorating intermediate momentum. However, JD trades above its 200-day MA (~$33.15), sustaining the primary uptrend. Current price ($33.25) hovering near the 200-day MA suggests this level as immediate support. A decisive break below $33.15 would signal a potential long-term bearish shift, while reconquering the 50-day MA may reignite upward momentum.
MACD & KDJ Indicators
MACD exhibits a bullish crossover in negative territory (-0.62), implying waning downward momentum. KDJ reinforces this view: the J-curve (currently at 78) recently surged from oversold territory (<20 on 10/10), though proximity to the overbought threshold (K:73, D:65) warrants caution for near-term exhaustion. Confluence exists with the 10/13 price surge, supporting a short-term reversal thesis. Divergence arose earlier when prices hit new lows in September without KDJ confirmation, foreshadowing the current rebound.
Bollinger Bands
Bollinger Bands narrowed significantly before the 10/13 breakout (Band Width at 4-month low), indicating coiled volatility. Price vaulted above the 20-day moving average ($32.90) and tested the upper band ($33.60), confirming bullish momentum expansion. This breach suggests potential upside toward $34.50–$35.00, provided volatility sustains. A failure to hold above the middle band ($32.90) would invalidate this signal.
Volume-Price Relationship
The 10/13 rally occurred on below-average volume (24.9M vs. 30-day avg: 28M), raising sustainability concerns. However, volume surged 63% during the 10/10 sell-off (38M shares), potentially indicating capitulation. This divergence suggests the rebound may lack broad participation but follows a high-volume washout—a common reversal precursor. Consistent volume expansion above $33.50 is needed to validate strength.
Relative Strength Index (RSI)
The 14-day RSI rebounded sharply from oversold (28 on 10/10) to 58, reflecting rapid momentum shift. Current levels indicate neutrality but lean bullish in the context of the recent breakout. Overbought conditions (>70) aren’t immediate concerns, but RSI’s historical tendency to peak near 65 during counter-trend bounces (e.g., August) suggests monitoring for divergence if prices approach $34.50.
Fibonacci Retracement
Using the March high ($46.44) and September low ($30.20), key retracement levels are $42.61 (23.6%), $40.24 (38.2%), and $38.32 (50%). JD currently trades below all major Fib levels, positioning it within a broader downtrend. The 10/13 rally stalled near the $33.59–$34.19 zone, aligning with the 23.6% retracement of the October decline, making $34.20 a critical resistance. Sustained trade above this level may target $36.41 (38.2% retracement of the same swing).
Confluence and Conclusion
Multiple indicators converge to support a near-term bullish bias: the MACD/KDJ crossovers, Bollinger Band expansion, and RSI recovery align with the candlestick reversal. However, weak volume and Fibonacci resistance at $34.20 require vigilance. Divergences appear in the volume-price dynamic and the RSI’s historical resistance near current levels. JD likely faces consolidation between $32.60 (200-MA/10/13 low) and $34.20 (Fibonacci/10/10 high), with a breakout above $34.20 needed to confirm a durable recovery phase. Failure at $32.60 may reactivate downside momentum toward $30.20.