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- 7/19/2024 -
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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 -1.98 points, or -1.19%, and closed at 164.18 on Friday, July 19, 2024. Weekly volume was 113% above average.
 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 trend support level is at 96.24 and resistance is at 183.34. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See JBHT medium-term trend chart]
A medium-term downtrend had started on February 15, 2024 at 219.51 and reached 153.15 on June 14, 2024. JBHT lost 66.36 points, or 30.23%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (149.27) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See JBHT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 July 16, 2024 at 176.24 and reached 158.71 on July 19, 2024. JBHT lost 17.53 points, or 9.95%, in 3 days. The price is now at the 31.20% retracement level.
 Daily Technical Indicators: [See JBHT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 30, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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