J. B. Hunt (JBHT)
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|It was a first positive week for the J. B. Hunt (JBHT). During the week, the JBHT gained 1.90 points, or 1.13%, and closed at 170.27 on Friday, May 26, 2023. Weekly volume was -17% 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 218.18 on March 16, 2022. JBHT gained -200.80 points, or -1155.35%, in 864 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (172.97). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 200.64 on February 2, 2023. JBHT gained -46.72 points, or -30.35%, in 32 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 161.66 and resistance is at 203.46. 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 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 10, 2023. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
Short-term trend: [See JBHT short-term trend chart]
A short-term uptrend had started on March 24, 2023 at 163.66 and reached 183.35 on April 20, 2023. JBHT gained -19.69 points, or -12.03%, in 27 days. The chart has formed a Descending Triangle chart pattern.
Daily Technical Indicators: [See JBHT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 15, 2023. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.