JETBLUE AIRWAYS CORP (JBLU) Stock Technical Analysis
NASDAQ:JBLU - Nasdaq - US4771431016 - Common Stock - Currency: USD
Taking everything into account, JBLU scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. JBLU was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, JBLU is a bad performer in the overall market: 80% of all stocks are doing better.
JBLU is part of the Passenger Airlines industry. There are 23 other stocks in this industry, of which 63% are performing better than JBLU.
JBLU has an average volume of 28449600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
JBLU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JBLU is lagging the market slightly.
In the last month JBLU has a been trading in the 3.85 - 5.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JBLU has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
4.79
8.13
We found 1 important support area.
- Support @4.84 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.96 to 5.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.05 to 8.05. 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 | DOWN | NEGATIVE | The long term trend for JBLU is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JBLU is up. |
| ChartMill Relative Strength | 20.21 | NEGATIVE | JBLU has a low relative strength, it was outperformed by 79.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JBLU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of JBLU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JBLU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for JBLU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests JBLU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.33 | NEUTRAL | The Stochastics value for JBLU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for JBLU suggests high volalility. |
| Average Directional Index/ADX (14) | 26.57 | POSITIVE | The high ADX value value for JBLU suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.93
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg0%
1 Week-2.76%
2 Weeks1.02%
1 Month27.06%
3 Month-29.67%
6 Month-19.05%
12 Month-9.54%
2 Year-27.82%
3 Year-54.1%
5 Year-51.04%
10 Year-75.55%
15 Year-20.48%
Volatility
ATR(14)0.27
ATR(20)%5.88%
ATR Inc-26.77%
Range Today0.2
ADR(20)0.27
ADR(20)%5.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.21
Mansfield-1.92
10 Day High5.35
10 Day Low4.65
20 Day High5.35
20 Day Low3.86
52 Week High8.31
52 Week Low3.34
CS1 End4.84
CR1 Start4.96
Volume & EV
DER(3)1.79%
DER(5)2.78%
Volume15.91M
Volume Incr-32.73%
Vol(5)20.37M
Vol(50)28.45M