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Advanced TA SearchArchive
- 5/10/2024 -
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J. B. Hunt (JBHT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the J. B. Hunt (JBHT). During the week, the JBHT gained 5.03 points, or 3.04%, and closed at 170.59 on Friday, May 10, 2024. It was the best weekly gain since February 9, 2024. Weekly volume was -9% below average.
JBHT is a member of Industrials Sector. Industrials is the second most overbought sector. JBHT is a member of Trucking Industry. Trucking is the second most oversold industry. 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 August 24, 2005 at 17.38 and reached 219.51 on February 15, 2024. JBHT gained -202.13 points, or -1163.00%, in 964 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 95.40 and resistance is at 181.64. 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 June 17, 2022 at 153.92 and reached 219.51 on February 15, 2024. JBHT gained -65.59 points, or -42.61%, in 86 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (168.69) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See JBHT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is below its signal line since March 15, 2024. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See JBHT short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 160.07 and reached 171.25 on May 10, 2024. JBHT gained -11.18 points, or -6.98%, in 23 days. The price is now at the 5.90% retracement level.
 Daily Technical Indicators: [See JBHT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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