JetBlue closed at $6.74 (down 1.61%) and added one more to its 5th straight day of losses

A quick look at Friday: a tough session dominated by bearish sentiment left JetBlue 11 cents lower, while setting a $6.7 to $6.91 session range.

Chart analysis suggests JetBlue Airways Corporation could begin to recover as it approaches significant support, now 8 cents away from $6.66. Dipping below could be an indication that further losses are ahead. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that JetBlue's lower Bollinger Band® is at $6.68, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

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

JetBlue Airways was not the only decliner in the industrials sector; General Electric slides down 0.71% Friday to close at $99.51.

On the other hand, positive performances could be seen by looking at other industrials stocks as Raytheon Technologies gained 0.47%, as it traded at $96. Union Pacific was up 0.46%.

Trading mostly sideways for a month. The major low cost US airline is now trading 22.25% below its 3-month high of $10.84.