J. B. Hunt
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|It was a first positive week for the J. B. Hunt (JBHT). During the week, the JBHT climbed 0.49 points, or 0.40%, and closed at 122.04 on Friday, July 06, 2018. Weekly volume was -44% below average. |
JBHT is a member of Services Sector. Services is the second 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 January 15, 2016 at 63.58 and reached 131.74 on June 13, 2018. JBHT gained -68.16 points, or -107.20%, in 125 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.24 and resistance is at 135.76. 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 uptrend had started on April 6, 2018 at 108.46 and reached 131.74 on June 13, 2018. JBHT gained -23.28 points, or -21.46%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (132.84) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. JBHT may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
Weekly Technical Indicators: [See JBHT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 22, 2018. 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 downtrend had started on June 13, 2018 at 131.74 and reached 119.59 on July 5, 2018. JBHT lost 12.15 points, or 9.22%, in 22 days. The price is now at the 20.16% retracement level.
Daily Technical Indicators: [See JBHT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 4, 2018. This is an indication that the short-term trend is down.