The price chart of JBS N.V. (JBS), the global protein producer, reveals a bearish short-term trend amid recent consolidation. Over the last 30 days, shares have retraced approximately 9.7%, reflecting selling pressure after testing higher levels near the 52-week high of $18.65. Year-to-date gains stand at 13.21%, supported by a broader uptrend from the 52-week low of $12.37, but momentum has waned, with price action forming lower highs in recent sessions. The stock's low beta of -0.09 indicates limited correlation to broader market moves, with volatility at 2.99%.
Pivot point analysis highlights a tight trading range, with the classic pivot at $16.32. Immediate support lies at S1 $16.27, S2 $16.23, and S3 $16.17, aligning with the recent low of $16.05. Resistance begins at R1 $16.36, R2 $16.41, and R3 $16.45. Fibonacci pivots reinforce this, with R1 at $16.36 and S1 at $16.28. Accumulated volume support near $16.06 has provided a potential floor during pullbacks. A break below $16.00 could accelerate downside toward prior lows, while clearance above $16.45 may signal short-term relief.
All simple and exponential moving averages from MA5 (16.35/16.27) to MA200 (17.20/16.67) flash sell signals, confirming the downtrend. Price at $16.11 resides below the MA20 (16.43), MA50 (16.23-16.36), MA100 (16.49-16.56), and longer-term averages, underscoring bearish alignment. This configuration suggests sustained downward bias unless a crossover develops.
Momentum indicators present a mixed but predominantly bearish picture. RSI(14) at 41.859 indicates sell territory, approaching oversold without reaching extreme levels. MACD(12,26) at 0.01 offers a mild buy signal, hinting at potential divergence, while STOCH(9,6) at 61.775 is buy but STOCHRSI(14) at 2.103 signals oversold. Williams %R (-90.909) and CCI(14) (-230.3511) confirm oversold conditions, alongside ADX(14) at 23.19 (sell) and ROC at -3.475 (sell). High volatility per ATR(14) at 0.1871 supports choppy trading.
Trading volume spiked to 4.84 million shares, 108% above the 65-day average of 4.49 million, on the recent decline from $16.53 to $16.05. This elevated activity on downside moves reinforces bearish conviction, with no notable spikes on upside attempts in the past month. Short interest at 6.05% adds to potential supply pressure.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast arrays of market data, technical indicators, and historical price patterns for JBS. These signals identify buy or sell opportunities by recognizing trends, momentum shifts, and recurring chart formations that have proven effective in the past. Traders rely on them to pinpoint entry and exit points, validate ongoing trends, and bolster decision-making amid volatile conditions. Updated daily, they provide an objective layer to traditional analysis. Explore the AI signals to enhance your trading strategy.
Traders eye the $16.17-$16.27 support zone for potential bounces amid oversold readings, with failure risking deeper tests toward $15.93. Upside requires reclaiming $16.41 resistance for bullish momentum, potentially targeting $16.71. Monitor MACD for crossover confirmation, RSI for divergence above 50, and volume for breakout conviction. A sustained move above the MA50 near $16.23 could shift bias higher, while breakdown below pivots favors continuation lower.
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A.I.dvisor indicates that over the last year, JBS has been loosely correlated with SFD. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if JBS jumps, then SFD could also see price increases.
| Ticker / NAME | Correlation To JBS | 1D Price Change % | ||
|---|---|---|---|---|
| JBS | 100% | -0.08% | ||
| SFD - JBS | 37% Loosely correlated | -1.56% | ||
| PPC - JBS | 33% Loosely correlated | -2.49% | ||
| BGS - JBS | 25% Poorly correlated | -2.83% | ||
| INGR - JBS | 24% Poorly correlated | -0.53% | ||
| JBSS - JBS | 23% Poorly correlated | +1.31% | ||
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| Ticker / NAME | Correlation To JBS | 1D Price Change % |
|---|---|---|
| JBS | 100% | -0.08% |
| Food: Major Diversified industry (65 stocks) | 7% Poorly correlated | +0.90% |