Chinese e-commerce platform JD.com (JD) posted a top and bottom line beat on their Q1 earnings numbers Thursday. Let's check out the change in the charts and indicators.
In the daily bar chart of JD, below, I see a mixed picture. The shares have been weak in 2023 but have improved beneath the surface. JD trades below the weak 50-day and 200-day moving average lines but the trading volume has increased since late February suggesting more interest from investors.
The daily On-Balance-Volume (OBV) line shows a decline into late April followed by the start of a recovery period. The Moving Average Convergence Divergence (MACD) oscillator has been improving from late March.