JBL Technical Analysis - JABIL INC

Technical Rating and Analysis

Overall JBL gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When comparing the yearly performance of all stocks, we notice that JBL is one of the better performing stocks in the market, outperforming 88% of all 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 1465040 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 124 other stocks in this industry, JBL did better than 68% of them.

In the last month JBL has a been trading in the 196.93 - 237.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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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 JBL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

127.92

236.80

We found 3 important support areas.

A support zone ranging from 210.55 to 215.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 202.07 to 204.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @129.21 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

Resistance @226.02 from a horizontal line 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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What is Support and Resistance

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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	88.87	POSITIVE	JBL has a high relative strength, it outperformed 88.87% 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)	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)	49.28	NEUTRAL	The RSI value for JBL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.31	POSITIVE	The MACD value suggests JBL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	39.43	NEUTRAL	The Stochastics value for JBL is a neutral value.
Average True Range in percent/ATR (20)	3.26	MEDIUM VOLATILITY	The ATR as a percentage value for JBL suggests some volalility.
Average Directional Index/ADX (14)	18.51	NEGATIVE	The low ADX value for JBL suggests a weak or negative trend.