JBL Technical Analysis - JABIL INC

Technical Rating and Analysis

Taking everything into account, JBL scores 5 out of 10 in our technical rating. JBL was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month JBL has a been trading in the 193.84 - 237.14 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

Looking at the yearly performance, JBL did better than 85% of all other stocks.

JBL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JBL is lagging the market slightly.

JBL has an average volume of 1469300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

JBL is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry, JBL did better than 55% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, JBL does present a nice setup opportunity. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

129.87

236.80

We found 3 important support areas.

Support @197.55 from a trend line in the daily time frame.
A support zone ranging from 193.98 to 193.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @131.18 from a trend line in the weekly time frame.

We can see 4 important resistance areas.

A resistance zone ranging from 206.97 to 211.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 226.01 to 226.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @230.38 from a horizontal line in the daily time frame.
Resistance @234.46 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for JBL is neutral.
ChartMill Relative Strength	85.55	POSITIVE	JBL has a high relative strength, it outperformed 85.55% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of JBL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of JBL is below a declining 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)	45.12	NEUTRAL	The RSI value for JBL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests JBL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	53.88	NEUTRAL	The Stochastics value for JBL is a neutral value.
Average True Range in percent/ATR (20)	3.88	MEDIUM VOLATILITY	The ATR as a percentage value for JBL suggests some volalility.
Average Directional Index/ADX (14)	19.05	NEGATIVE	The low ADX value for JBL suggests a weak or negative trend.