JD Stock Rises 1.68% As Technical Indicators Signal Potential Reversal From Key Support

JD (JD.com) rose 1.68% in the latest session to close at $31.45 after trading between $30.955 and $31.45. This technical analysis examines key indicators across multiple frameworks to assess the stock's trajectory.
Candlestick Theory
Recent price action shows JD established significant support at $30.955 on September 5, 2025, which aligned with the August 28 low of $29.90. The stock subsequently formed two bullish engulfing patterns in late August and early September, signaling rejection of lower prices. Resistance converges near $31.62-$31.81 (September 2 and August 26 highs), with a decisive close above this zone potentially confirming bullish reversal momentum.
Moving Average Theory
The moving average configuration reflects entrenched bearish sentiment. The 50-day SMA ($33.10) remains below the 100-day SMA ($34.80) and 200-day SMA ($36.40), confirming a long-term downtrend. Price currently trades 4.9% below the 50-day SMA, indicating persistent selling pressure. A bullish crossover would require sustained trading above the 50-day SMA alongside improving slope alignment.
MACD & KDJ Indicators
The MACD histogram transitioned to positive territory on September 3, 2025, signaling improving momentum as the MACD line crossed above the signal line. Concurrently, KDJ shows %K (45) and %D (38) emerging from oversold territory (<30) with upward trajectories. This momentum shift suggests weakening bearish control, though confirmation requires %K to breach 50 decisively. No bearish divergence is evident between price and oscillators.
Bollinger Bands
Bollinger Bands contracted significantly in late August (bandwidth decreased 28%), indicating compression preceding directional resolution. Price rebounded from the lower band ($30.60) on September 4, and the subsequent close near the upper band ($31.45) implies renewed buying interest. The expansion following contraction validates the breakout attempt, with volatility likely to persist near-term.
Volume-Price Relationship
Volume surged 18% on September 5 versus the 20-day average, accompanying the 1.68% price gain. This marks the third above-average volume session during the recovery from $30.955, confirming buyer conviction. The September 2 advance on 16.1 million shares (24% above average) established a volume climax point, suggesting accumulation near support levels.
Relative Strength Index (RSI)
The 14-day RSI rebounded from oversold territory (29.7 on August 28) to 45.5, exiting the warning zone (<30) and reflecting improving momentum. Notably, the RSI formed a bullish divergence in late August as price made lower lows while the oscillator printed higher lows. Though not yet overbought, the RSI slope suggests growing upward potential, with resistance expected near the 55-60 zone.
Fibonacci Retracement
Applying Fibonacci to the primary uptrend from the September 2024 low ($25.61) to the October 2024 high ($47.82) reveals critical levels. The recent low of $30.955 aligns closely with the 78.6% retracement ($30.37), a deep retracement level that historically prompts reversals. Confluence with horizontal support and the oversold RSI reinforces the technical significance of this zone. Any sustained recovery now faces resistance at the 61.8% level ($34.10).
Confluence and Divergence
Multiple indicators align at the $30.95-$31.00 support zone: Fibonacci 78.6% retracement, Bollinger lower band, and horizontal price supports. Bullish confirmation comes from coordinated momentum shifts (MACD crossover, RSI divergence, rising volume) and candlestick reversal patterns. No material divergences exist between indicators, strengthening the case for a technical bounce. However, the bearish moving average alignment warrants caution, as sustained recovery would require conquering the $32.50-$33.00 confluence zone (50-day SMA + 61.8% Fibonacci).