JetBlue Airways Corporation Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of JBLU
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Weaker technical forecast for JetBlue Airways Corporation as stock downgraded to Hold/Accumulate
(Updated on Oct 03, 2024)
Buy or Hold candidate since Sep 24, 2024
Gain 6.50%
The JetBlue Airways Corporation stock price fell by -2.74% on the last day (Thursday, 3rd Oct 2024) from $6.57 to $6.39. During the last trading day the stock fluctuated 5.75% from a day low at $6.26 to a day high of $6.62. The price has risen in 6 of the last 10 days and is up by 12.3% over the past 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 million shares were bought and sold for approximately $84.34 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $6.76 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect JetBlue Airways Corporation stock with a 90% probability to be traded between $4.54 and $6.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
JBLU Signals & Forecast
The JetBlue Airways Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $6.44. On a fall, the stock will find some support from the long-term average at approximately $5.52. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, October 01, 2024, and so far it has fallen -5.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for JetBlue Airways Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.92 and $5.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, JetBlue Airways Corporation finds support just below today's level at $5.92. If this is broken, then the next support from accumulated volume will be at $5.72 and $4.80.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.360 between high and low, or 5.75%. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: $6.09 (-4.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (JBLU) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect JetBlue Airways Corporation to open at $6.42, and during the day (based on 14 day Average True Range), to move between $6.10 and $6.68, which gives a possible trading interval of +/-$0.289 (+/-4.52%) up or down from last closing price. If JetBlue Airways Corporation takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.41 (0.31%) than the support at $5.92 (7.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is JetBlue Airways Corporation stock A Buy?
JetBlue Airways Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score:
0.289
Hold/Accumulate
Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $6.42 ( 0.522%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for JBLU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.78 | 6.16% |
| R2 | 6.65 | 4.00% |
| R1 | 6.56 | 2.67% |
| Price | 6.39 | |
| S1 | 6.29 | -1.63% |
| S2 | 6.20 | -2.96% |
| S3 | 6.06 | -5.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.76 | 5.79% |
| R2 | 6.66 | 4.23% |
| R1 | 6.41 | 0.313% |
| Price | 6.39 | |
| S1 | 5.92 | -7.36% |
| S2 | 5.72 | -10.49% |
| S3 | 4.80 | -24.88% |
FAQ
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