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May 30, 2023
Without a clear direction, JetBlue Airways closed at $6.83 while ranging between $6.8 and $6.96.
- United States Consumer Confidence is next today at 14:00 UTC.
- While mostly sideways today, JetBlue Airways is on an 8 day bearish trend during which it lost 39 cents.
Technical analysis of JetBlue before macro data is released:
JetBlue Airways Corporation is approaching key support, around 6 cents away from $6.77. 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 Airways made an initial breakout above its 10 day Simple Moving Average at $6.94, a potential indicator of a newly emerging bullish phase. JetBlue's upper Bollinger Band® is at $7.23 and the lower is $6.66.
Despite muted price action in JetBlue, chart analysis indicates it is positioned for a bullish run in the short term.
Coming up for JetBlue — today at 14:00 UTC data for United States Consumer Confidence will be released, with an expected decline to 99 from the preceding figure of 101.3. United States JOLTs Job Openings (Apr) scheduled to come out tomorrow at 14:00 UTC.
As the markets get ready for more data to be released — Lockheed Martin was up 1.27%. Boeing traded at $203.63 after closing Friday's trading day at $200.87 (up 1.37%). General Electric was up 1.2%.
Trading mostly sideways for 2 months. America's 7th largest airline is now trading 17.71% below its 3-month high of $10.74.
