• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Jabil Inc (NYSE:JBL)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Jabil Inc (NYSE:JBL) based on the price action in the company's shares. Today's price range of $29.94 and $30.31 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Jabil Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Potential upside of 6.3% exists for Jabil Inc, based on a current level of $30.31 and analysts' average consensus price target of $32.22. The stock should find initial support at its 50-day moving average (MA) of $28.43 and further support at its 200-day MA of $26.71.

Jabil Inc provides electronic manufacturing services. The Company offers digital prototyping, printed electronics, device integration, circuit designing, and volume board assembly services. Jabil serves automotive, consumer health, data centers, energy, and defense and aerospace sectors worldwide.

In the past 52 weeks, Jabil Inc share prices have been bracketed by a low of $21.49 and a high of $31.50 and are now at $30.31, 41% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Jabil Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Jabil Inc in search of a potential trend change.

Keywords: bearish inside day candle jabil inc

Ticker(s): JBL