Jd stock forecast remains cautiously optimistic as

JD stock forecast remains cautiously optimistic as recent Q1 2024 earnings beat analyst consensus, with revenue climbing 7.6% YoY to RMB 243 billion. Technical charts show support around $28.50, while RSI indicates neutral momentum. Investors eye sustained e-commerce demand and logistics expansion as key growth drivers. In the latest close session, JD.com, Inc. (JD) was down 1.85% at $34.98. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%. Of the 21 recommendations that derive the current ABR, 14 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 66.7% and 9.5% of all recommendations. Moving average convergence divergence (MACD) analysis on JD stock forecast charts shows a positive histogram shift since mid-May, typically signaling an emerging bullish phase.