JABIL INC (JBL) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JBL - US4663131039 - Common Stock
We assign a technical rating of 9 out of 10 to JBL. Both in the recent history as in the last year, JBL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, JBL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 234.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 227.45, a Stop Loss order could be placed below this zone.
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134.75
5 important support areas can be observed.
- A support zone ranging from 223.19 to 227.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 211.21 to 215.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @204.85 from a trend line in the daily time frame.
- Support @193.99 from a horizontal line in the daily time frame.
- Support @136.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 234.45 to 236.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for JBL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JBL is up. |
| ChartMill Relative Strength | 91.46 | POSITIVE | JBL has a high relative strength, it outperformed 91.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JBL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JBL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JBL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.45 | NEUTRAL | The RSI value for JBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests JBL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.8 | OVERBOUGHT | The high Stochastics value suggests JBL may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for JBL suggests some volalility. |
| Average Directional Index/ADX (14) | 28.26 | POSITIVE | The high ADX value value for JBL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 236.13 | 223.18 | 12.95 (5.48%) | 18.23% |
| An entry @236.13. This is a Buy Stop order right above the resistance zone. | An exit @223.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.95 points, which is 5.48%. | When investing 18.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of JBL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
231.57
-3.4 (-1.45%)
JABIL INC / JBL FAQ
What is the technical rating for JBL stock?
ChartMill assigns a technical rating of 9 / 10 to JBL.
Can you provide the trend direction for JABIL INC?
The current trend direction for JABIL INC (JBL) is Bullish.
What is the RSI signal for JABIL INC (JBL) stock?
JABIL INC (JBL) has an RSI value of 59.4501. This indicates that the stock is currently neutral.
What is the MACD signal for JABIL INC (JBL) stock?
The MACD indicator for JABIL INC (JBL) has a value of 0.89067, indicating a bearish trend.
Can you provide the support and resistance levels for JABIL INC?
JABIL INC (JBL) has a support level at 227.45 and a resistance level at 234.45. Check the full technical report for our detailed analysis of JBL support and resistance levels.