The Greedy Trader Weekly Analysis
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J. B. Hunt
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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.76
Williams' Percentage Range (W%R) 87.20
Oversold
Lane's Stochastic (%D-Slow) 21.94
Greed/Fear Indicator (GFI) 18.51
Oversold
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.69
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 72.15
Greed/Fear Indicator (GFI) 60.93
Moving Average Converg./Diverg. (MACD) 4.12
Trading Signals
Description Value Chart
Weekly Trendline Resistance 136.41
Quarterly Trendline Resistance 135.76
Weekly Trendline Support 132.84
Upper Bollinger Band 131.69
Weekly Stochastic Crossing 127.64
20 Day Moving Average 125.98
50 Day Moving Average 124.50
Parabolic System 124.11
Price 122.04
Daily Stochastic Crossing 120.84
Lower Bollinger Band 117.26
Quarterly Trendline Support 100.24
Sector and Industry
Description Name Rank
Sector Services 8
Industry Trucking 103
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 131.74
High Date 06/13/2018
Low 119.59
Low Date 07/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 136.41
Support 132.84
Low 108.46
Low Date 04/06/2018
High 131.74
High Date 06/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.35
Low Date 05/18/2017
High 131.74
High Date 06/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 135.76
Support 100.24
Low 63.58
Low Date 01/15/2016
High 131.74
High Date 06/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.38
Low Date 08/24/2005
High 131.74
High Date 06/13/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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