JBL - Why the Technicals for Jabil Inc can be More Revealing than the Fundamentals
Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Jabil Inc (NYSE: JBL). Using the data offered below we have a real-time example. Review The technical data for JBL below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 34.28 | |||
| P2 | |||
| 44.46 | |||
| 44.73 | |||
| 39.94 | |||
| P3 | |||
| 45.21 | |||
| 46.27 | |||
| 45.20 |
Long Term Trading Plans for JBL
February 18, 2021, 2:45 am ET
The Technical Summary and Trading Plans for JBL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this JBL Report.
JBL - (Long) Support Plan
The technical summary data tells us to buy JBL near 39.94 with an upside target of 45.20. This data also tells us to set a stop loss @ 39.82 to protect against excessive loss in case the stock begins to move against the trade. 39.94 is the first level of support below 44.26 , and by rule, any test of support is a buy signal. In this case, support 39.94 is being tested, a buy signal would exist.
JBL - (Short) Resistance Plan
The technical summary data is suggesting a short of JBL as it gets near 45.20 with a downside target of 39.94. We should have a stop loss in place at 45.33though. 45.20 is the first level of resistance above 44.26, and by rule, any test of resistance is a short signal. In this case, if resistance 45.20 is being tested, a short signal would exist.