JetBlue Airways Corporation Stock Forecast
JetBlue Airways Corporation stock price ended at $7.42 on Thursday, after gaining 0.135%.
(Updated on Mar 28, 2024)
The JetBlue Airways Corporation stock price gained 0.135% on the last trading day (Thursday, 28th Mar 2024), rising from $7.41 to $7.42. During the last trading day the stock fluctuated 2.45% from a day low at $7.34 to a day high of $7.52. The price has been going up and down for this period, and there has been a 3.2% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 144 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $60.34 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 48.85% during the next 3 months and, with a 90% probability hold a price between $10.21 and $12.01 at the end of this 3-month period.
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JBLU Signals & Forecast
The JetBlue Airways Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.30 and $6.88. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical 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 Thursday, March 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for JetBlue Airways Corporation stock
JetBlue Airways Corporation finds support from accumulated volume at $7.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.180 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 3.84%.
Our recommended stop-loss: $7.13 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (JBLU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect JetBlue Airways Corporation to open at $7.43, and during the day (based on 14 day Average True Range), to move between $7.11 and $7.73, which gives a possible trading interval of +/-$0.315 (+/-4.24%) up or down from last closing price. If JetBlue Airways Corporation takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $7.38, some $0.0400 (0.54%) from the current price of $7.42, our system finds the risk reward attractive.
Is JetBlue Airways Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for JetBlue Airways Corporation stock to perform well in the short-term.
Current score: 2.918 Buy Candidate Unchanged
Predicted Opening Price for JetBlue Airways Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$7.43 ( 0.0898%) | $7.42 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 7.61 | 2.52 % | |
R2 | 7.54 | 1.59 % | ||
R1 | 7.50 | 1.02 % | ||
Current price: | 7.42 | |||
Support | S1 | 7.36 | -0.84 % | |
S2 | 7.32 | -1.41 % | ||
S3 | 7.25 | -2.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 7.42 | |||
Support | S1 | 7.38 | -0.539% | |
S2 | 7.19 | -3.10% | ||
S3 | 5.58 | -24.80% |
FAQ
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