Jabil Stock Surges 3.76% to Near Record High on Bullish Technicals

Jabil (JBL) closed at $229.15, gaining 3.76% in the latest session with a trading range of $221.75–$229.16 and volume of 1,281,286 shares. This upward move positions the stock near its recent peak, warranting a multidimensional technical assessment.
Candlestick Theory
The recent price action shows a bullish momentum confirmation. The current session formed a near-marubozu candle (minimal upper shadow closing near the high), indicating sustained buying pressure. Key support is established at $216.68 (July 22 low), while resistance is reinforced at $229.16 (current all-time high). A bearish reversal pattern is absent, though proximity to resistance warrants caution against profit-taking.
Moving Average Theory
The 50-day moving average (∼$210) and 100-day moving average (∼$188) both slope upward, confirming robust intermediate and long-term uptrends. The price remains confluently above both averages, signaling persistent bullish momentum. Golden crosses (50-day above 100-day) were established earlier in the uptrend, further validating the positive bias. This alignment suggests solid structural support, with pullbacks likely to find buying interest near the 50-day MA.
MACD & KDJ Indicators
The MACD histogram shows bullish acceleration, with the fast line (12-day EMA) diverging further above the slow line (26-day EMA), reflecting strengthening momentum. KDJ metrics corroborate this, with the %K line (88.9) and %D line (79.5) in overbought territory but maintaining upward trajectories. While these readings indicate potential short-term exhaustion risk, no bearish crossover exists, suggesting upward momentum may persist.
Bollinger Bands
Volatility remains elevated as prices hug the upper Bollinger Band (20-day MA at $222 ± 2σ). The bands expanded during the latest breakout, reflecting heightened directional conviction. This expansion signals continuation potential, though sustained trading at the upper band increases susceptibility to volatility contractions. Mean-reversion risks would arise if prices retreat toward the $216 midline support.
Volume-Price Relationship
Volume surged 15% during the latest 3.76% advance, validating bullish conviction. Notably, recent upswings (July 17–23) accompanied above-average volume vs. lighter participation during minor pullbacks (July 14–16). This divergence underscores accumulation during strength, reinforcing trend sustainability. The volume-weighted average price (VWAP) for the week anchors near $223, serving as dynamic support.
Relative Strength Index (RSI)
The 14-day RSI (62.3) is neutral but ascending, reflecting moderate bullish momentum without immediate overbought concerns. Earlier in July, RSI tested 55 during consolidation, avoiding oversold thresholds, which now establishes that level as dynamic support. While 70+ would flag overbought risks, current readings lack reversal warnings and align with the prevailing uptrend.
Fibonacci Retracement
Applied to the primary swing low ($96.77 on August 2, 2024) and high ($229.16), key retracement levels are: $178.59 (38.2%), $162.96 (50%), and $147.34 (61.8%). The absence of retracement to these levels during the 2025 rally underscores exceptional trend strength. These thresholds now serve as major support zones in any future consolidation, with the 23.6% level ($197.91) acting as near-term downside reference.
Confluence and Divergence Observations
Confluence exists across bullish signals: moving averages stack bullishly, MACD/volume confirm upside momentum, and price/volatility alignment suggests trend persistence. A minor divergence exists in KDJ’s overbought stance conflicting with RSI’s neutral reading, implying near-term consolidation risks. However, no major bearish divergences undermine the broader uptrend. Probabilities favor continued upside if $229.16 resistance is breached, though failure may trigger profit-taking toward $222–$216 support. The weight of evidence remains skewed toward bullish sentiment sustainability, supported by technical and volume foundations.