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published in Blogs
Mar 26, 2019

Jabil (JBL) gets bullish signal as it hits support at its 50-day moving average

Electronics manufacturer Jabil (NYSE: JBL) had an incredible run in January and February, jumping the $23 area all the way up to $29.50. The stock was in overbought territory from mid-January until the end of February, at least based on the daily stochastic readings.

The stock recently pulled back from the February high and dropped down to the $26.50 area and has since bounced back a little. The Tickeron AI Prediction tool generated a bullish signal on March 18. That signal calls for a 2% gain over the coming week and it showed a 71% confidence level. Previous predictions on Jabil have been accurate 66% of the time.

Looking at the daily chart we see that the pullback was halted just above the 50-day moving average and the stock has been hovering just above the ascending trend line for several days now. We also see that the pullback caused the daily stochastic readings to move from overbought to oversold, but the indicators just made a bullish crossover.

Jabil’s fundamentals are a mixed bag. Earnings have grown by an average of 13% per year over the last three years, but they were down by 3% in the most recent quarter. Sales have grown by an average of 9% per year over the last three years and jumped by 14% in the most recent quarter.

Even the management efficiency measurements are mixed. The return on equity is above average at 21.3%, but the profit margin is below average at only 2.7%.

Related Ticker: JBL

JBL's Stochastic Oscillator is sitting in oversold zone for 3 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for JBL's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBL advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .

JBL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 279 cases where JBL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on April 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JBL as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for JBL turned negative on April 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

JBL moved below its 50-day moving average on April 09, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for JBL crossed bearishly below the 50-day moving average on March 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where JBL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.388) is normal, around the industry mean (3.218). P/E Ratio (10.290) is within average values for comparable stocks, (30.425). JBL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.840). Dividend Yield (0.003) settles around the average of (0.027) among similar stocks. P/S Ratio (0.489) is also within normal values, averaging (11.150).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. JBL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Corning (NYSE:GLW), Universal Display Corp (NASDAQ:OLED).

Industry description

The Electronic Components industry produces electronic equipment for industries and consumer electronics products, such as mobile devices, televisions, and circuit boards. TE Connectivity Ltd, for example, is a company that designs and manufactures connectivity and sensor products for harsh environments in various industries, such as automotive, industrial equipment, aerospace, and oil & gas. Another major player, Corning Inc., makes advanced optics including end-to-end fiber and wireless solutions for communications networks along with various other technologies catering to industrial and scientific applications.

Market Cap

The average market capitalization across the Electronic Components Industry is 4.63B. The market cap for tickers in the group ranges from 3.89K to 425.04B. MAWAF holds the highest valuation in this group at 425.04B. The lowest valued company is ALPE at 3.89K.

High and low price notable news

The average weekly price growth across all stocks in the Electronic Components Industry was 2%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 10%. ENMPD experienced the highest price growth at 664%, while KULR experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Electronic Components Industry was 47%. For the same stocks of the Industry, the average monthly volume growth was 2% and the average quarterly volume growth was 38%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 37
P/E Growth Rating: 52
Price Growth Rating: 60
SMR Rating: 76
Profit Risk Rating: 77
Seasonality Score: -12 (-100 ... +100)
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A.I.Advisor
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General Information

a manufacturer of electronics products

Industry ElectronicComponents

Profile
Fundamentals
Details
Industry
Electronic Components
Address
10800 Roosevelt Boulevard North
Phone
+1 727 577-9749
Employees
236
Web
https://www.jabil.com
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