JetBlue Airways opened at $6.8 yesterday before posting solid session gaining 1.04%

JetBlue Airways opened at $6.8 yesterday before posting solid session gaining 1.04%

Yesterday at a glance: after closing at $6.76 on Wednesday, JetBlue Airways rallied as high as $6.94 but ended the day at $6.83.

JetBlue Airways's uptick comes amid disappointing United States macroeconomic data released during the session – data from United States concerning Core Durable Goods Orders was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

At the same time, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Trend-focused traders would be interested to note that despite posting gains on yesterday, JetBlue Airways Corporation slid below its 3 day Simple Moving Average at $6.86 during the last session — an early indicator that a negative trend could be emerging. Yesterday's price action generated a Japanese candlestick pattern showing 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Analysis based on the asset volatility indicates that JetBlue's lower Bollinger Band® is at $6.67, indicating that the market is oversold and fertile for new buyers. Technical analysis shows that although JetBlue is appreciating today after rising as high as $6.94, price action is now slowing and consolidating around 9 cents below the $6.92 resistance level.

Overall, the technical outlook suggests JetBlue is likely to remain muted for the immediate future, with no clear-cut direction.

This rally in JetBlue Airways's share price coincided with other industrials stocks as United Parcel Service traded at $171.23 after closing yesterday's trading day at $167.72 (up 2.09%). Boeing added 0.8% to its value, and traded at $200.87.

JetBlue Airways went up yesterday, yet these industrials stocks did not follow — Lockheed Martin falls 2.18% yesterday to close at $452.72.

Trading mostly sideways for 2 months. The major low cost US airline is now trading 16.34% below its 3-month high of $10.84.

Latest Stocks News

Find out which stocks performed best in today's range-bound market

Find out which stocks performed best in today's range-bound market

Markets were flat today, yet New Fortress Energy Inc., Ormat Technologies, Inc., National Grid plc showed impressive gains and made this list of top ...
30 May, 2023
Under Armour trades at $7.11 ahead of United States Consumer Confidence today at 14:00 UTC

Under Armour trades at $7.11 ahead of United States Consumer Confidence today at 14:00 UTC

Pronounced bullish sentiment in the market helped the footwear and apparel maker to make a notable 0.85% gain Friday, rising 6 cents and ultimately ...
30 May, 2023
Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Without a clear direction, Oracle closed at $104.08 while ranging between $104.03 and $106.23. United States Consumer Confidence is next. Here is the technical ...
30 May, 2023

Advantages of trading with us

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

USD 10 Minimum Deposit

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Competent & Friendly 24/5 live support

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Reliable Trading Environment

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Flexible Leverage up to 1:1000

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Maximum fund security

Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Various deposits and withdrawal options

Any questions? Visit our Help Centre Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Any questions? Visit our Help Centre Today at 14:00 UTC: United States Consumer Confidence, Oracle steady at $104.08

Our team is committed to helping you in the best way possible. Please do not hesitate to contact us if you need any assistance.