Jayud Global Logistics Limited (NASDAQ:JYD) stock is gaining significant retail momentum on Thursday. The equity is staging a recovery as it attempts to rebound from a steep slide of over 80% recorded earlier in the week.



The trading volatility directly precedes the company's scheduled 2025 Annual General Meeting (AGM), which will take place on Friday.



<h2>Share Consolidation Proposed</h2>



According to the official notice issued on April 22, shareholders of record as of April 2 will vote on share consolidation and authorization.



The ordinary resolution seeks approval for a reverse stock split at a ratio ranging from 2-for-1 up to 250-for-1. The board intends to implement this measure to increase the per-share price.



<h2>Critical Levels To Watch for Jayud Global Logistics (JYD)</h2>



The stock is down 92.86% over the past 12 months, and it's still trading far below its major moving averages.



At the current level, JYD is trading 80.3% below its 20-day SMA, 75% below its 50-day SMA, 74.1% below its 100-day SMA, and 81.2% below its 200-day SMA—classic &#34;overhead supply&#34; conditions where rallies can run into sellers quickly.



Momentum is also stretched: the RSI is 27.14, which signals the selling has become oversold and the stock may be due for bounces even if the primary trend is still down.



RSI is a quick way to gauge whether a move has gotten too extended to the downside (oversold) or upside (overbought), and JYD slipped into oversold territory in May.



<ul>
<li>Key Resistance: $3.64 — aligns with the 50-day SMA, a common &#34;first sell zone&#34; in downtrends</li>



<li>Key Support: 88 cents — a near-term psychological level just above the 52-week low zone (47 cents)</li>
</ul>



JYD Stock Price Activity: Jayud Global Logistics shares were up 4.05% at 94 cents at the time of publication on Thursday, according to Benzinga Pro data.

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Jayud Global Logistics (NASDAQ:JYD) stock is experiencing a recovery after a steep decline of over 80%. The stock is currently in oversold territory with an RSI of 27.14. A proposed reverse stock split will be voted on at the upcoming AGM. Key resistance is at $3.64 and support at 88 cents. JYD shares were up 4.05% at 94 cents on Thursday.

What's Going On With Jayud Global Stock Thursday?