Jabil Stock Surges 3.96% to $233.23 Extending 4-Day Rally to 9.33%

Jabil (JBL) concluded the latest trading session at $233.23, marking a notable 3.96% gain and extending its winning streak to four consecutive days with a cumulative 9.33% advance over this period. This upward momentum positions the stock near a critical technical juncture warranting multi-indicator assessment.
Candlestick Theory
Recent price action reveals a strong bullish thrust, culminating in a decisive breakout above the $224.74 resistance (September 19th high) on September 22nd. This breach occurred on high volume, supported by consecutively higher closes and expanding daily ranges. A critical resistance now rests at the psychological $235 level, while immediate support emerges at $224.74 (prior resistance turned support) followed by $213.64, corresponding to the September 17th consolidation low.
Moving Average Theory
The moving average structure confirms a robust bullish trend. The 50-day SMA (calculated at ~$190), 100-day SMA (~$172), and 200-day SMA (~$160) are all ascending and stacked bullishly (50 > 100 > 200). Current trading well above all three major averages underscores sustained upward momentum. Of particular note is the significant separation from the 200-day SMA, highlighting the strength of the longer-term uptrend despite potential near-term overextension concerns.
MACD & KDJ Indicators
MACD exhibits a bullish stance, with the MACD line holding above its signal line and a widening positive histogram throughout September. Concurrently, the KDJ oscillator presents a mixed signal. While the K-line (80.2) and D-line (74.3) reside firmly in overbought territory (>80/70) – suggesting potential exhaustion – neither shows definitive bearish divergence as both momentum and price continue ascending. This configuration warrants vigilance for any loss of momentum that could precipitate a corrective phase.
Bollinger Bands
Volatility is expanding as evidenced by widening Bollinger Bands. The price persists near the upper band ($231.92), a behavior typically characteristic of strong trending moves but also signaling elevated near-term risk. The absence of band contraction suggests no imminent volatility squeeze or sideways consolidation; instead, the environment favors continuation or sharp reversal over stability.
Volume-Price Relationship
The recent breakout on September 22nd was confirmed by substantial volume (2.27 million shares), exceeding the volume profile of the preceding consolidation days. However, the volume during this four-day rally overall has not consistently surpassed major volume spikes seen at prior swing highs (e.g., September 13th, August 13th). While validating the immediate breakout, this divergence slightly questions the sustainability of the current pace of ascent without further volume confirmation.
Relative Strength Index (RSI)
The 14-day RSI now reads 76.3, solidly within the overbought zone (>70). Historically, RSI readings near or above 80 have preceded some of Jabil's sharper pullbacks over the past year. While overbought conditions can persist during strong trends, this elevated RSI signals increased vulnerability to profit-taking or counter-trend reversals, advising caution against aggressive new long positions at these levels.
Fibonacci Retracement
Mapping the primary uptrend from the significant low of $112.86 (September 24, 2024) to the recent high of $233.23 (September 22, 2025) establishes key Fibonacci levels. Key retracement supports include the 38.2% level at $190.72 and the stronger 50% level at $173.05. Near-term, the 23.6% retracement ($213.64) aligns with recent swing lows and provides an initial critical support zone. A sustained hold above $213.64 would maintain bullish structure, while a breach may target deeper retracements.
Confluence and Divergence Summary
Confluence supports bullish continuation: Moving averages confirm a strong uptrend; The MACD shows sustained positive momentum; The breakout above $224.74 on increased volume provides immediate technical validation; Bollinger Band expansion signals directional conviction. Key cautions emerge from divergences: The KDJ is severely overbought; RSI >76 flags exhaustion risk relative to historical behavior; Volume during the rally lacks uniformity compared to major prior advances. While the trend currently dominates, the confluence of overbought oscillators alongside high RSI suggests heightened probability of consolidation or near-term retracement before further sustained upside, making the $213.64 - $224.74 support zone critical for maintaining bullish structure.