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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
J. B. Hunt (JBHT) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the J. B. Hunt (JBHT). During the week, the JBHT dropped -6.68 points, or -3.33%, and closed at 193.92 on Friday, March 15, 2024. Weekly volume was -25% below average. JBHT is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See JBHT long-term trend chart] A long-term uptrend had started on August 24, 2005 at 17.38 and reached 219.51 on February 15, 2024. JBHT gained -202.13 points, or -1163.00%, in 964 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (94.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See JBHT medium-term trend chart] A medium-term uptrend had started on June 17, 2022 at 153.92 and reached 219.51 on February 15, 2024. JBHT gained -65.59 points, or -42.61%, in 86 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 167.75 and resistance is at 211.17. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend. Weekly Technical Indicators: [See JBHT weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See JBHT short-term trend chart] A short-term downtrend had started on February 15, 2024 at 219.51 and reached 193.23 on March 15, 2024. JBHT lost 26.28 points, or 11.97%, in 29 days. Price is near the trend low. Daily Technical Indicators: [See JBHT daily technical indicators chart] Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help. The daily MACD line is below its signal line since February 16, 2024. This is an indication that the short-term trend is down.
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