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April 25, 2023
JetBlue is trading at $6.8 after closing the previous day at $6.82.
- United States's Consumer Confidence new data released of 101.3 below its previous figure.
- While mostly sideways today, JetBlue Airways is on a 4 day bearish trend during which it lost 18 cents.
United States New Home Sales (Mar) released today at 14:00 UTC with a figure of 683,000, while the previous figure was 623,000. United States Consumer Confidence published today at 14:00 UTC came out at 101.3, falling short of the 104 projections and continuing its decline from the previous 104 figure.
JetBlue Airways Corporation is approaching key support, around 9 cents away from $6.72. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. JetBlue made an initial breakout above its 21 day Simple Moving Average at $6.96, a potential indicator of a newly emerging bullish phase. JetBlue Airways's upper Bollinger Band® is at $7.26 and the lower is $6.68.
Despite muted price action in JetBlue Airways, chart analysis indicates it is positioned for a bullish run in the short term.
As things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of -0.1%. New data is set to be published tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC.
After closing the previous session (yesterday) at $195.85, United Parcel Service lost $18.79 and is trading around $177.06. Union Pacific is down to $194.4, losing 2.94%, after ending yesterday at $200.28. General Electric is down to $97.96, losing 2.19%, after ending yesterday at $100.15.
The stock has been trending positively for about a month. The major low cost US airline is now trading 19.48% below its 3-month high of $13.06.
