After closing Friday at $8.32, JetBlue closed at $8.4 yesterday after climbing to $8.67 and dropping back down.
- United States Fed Chair Powell testimony is next today at 15:00 UTC.
- Yesterday's gains added to JetBlue Airways's 7 days uptrend, during which it increased a total of 17 cents.
Earlier data releases related to JetBlue – data from United States concerning Factory Orders was released yesterday at 15:00 UTC. Newly published figures emphasized continued decline from last month's figure of 1.7% to -1.6% this month.
Here is the technical analysis of JetBlue before macro data is released:
JetBlue Airways Corporation made an initial breakout above its 21 day Simple Moving Average at $8.5, a potential indicator of a newly emerging bullish phase. JetBlue Airways's lower Bollinger Band® is at $8.03, indicating that the market is oversold and fertile for new buyers. Despite this, although JetBlue is appreciating today after rising as high as $8.67, price action is now slowing and consolidating around 21 cents below the $8.61 resistance level.
Overall, looking at the technical analysis landscape, it seems JetBlue might continue pointing upwards in the short term.
Coming up for JetBlue Airways — United States Crude Oil Inventories projected to come out at -308,000 — worse than previous data of 1.17 million; data will be released tomorrow at 15:30 UTC. United States ADP Nonfarm Employment Change (Feb) scheduled to come out tomorrow at 13:15 UTC.
As the markets get ready for more data to be released — Boeing closed at $211.92 (down 1.48%). Deere & Company retreats 1.06% yesterday to close at $430.28. United Parcel Service was up 0.45%.
Pointing downwards for around a month. JetBlue hit a significant low of $6.19 around 2 months ago, but has since recovered 34.41%.