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Uptrend ExhaustionArchive
- 4/5/2024 -
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J. B. Hunt (JBHT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the J. B. Hunt (JBHT). During the week, the JBHT dropped -3.92 points, or -1.97%, and closed at 195.33 on Friday, April 5, 2024. Weekly volume was -9% below average.
JBHT is a member of Industrials Sector. Industrials is the most overbought sector. JBHT is a member of Trucking Industry. Trucking is the ninth most oversold industry. 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 (94.96) 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 168.19 and resistance is at 211.61. 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 below its signal line since March 15, 2024. 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 189.82 on March 20, 2024. JBHT lost 29.69 points, or 13.53%, in 34 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 194.83 and resistance is at 197.63. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See JBHT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 27, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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