Jabil Stock Plunges 10.34% In Two Days As Bearish Momentum Intensifies

Jabil (JBL) concluded the latest session at $210.2, marking a significant 6.69% decline and extending its losing streak to two consecutive days. This sell-off resulted in a cumulative 10.34% drop over both sessions, reflecting heightened bearish momentum as prices retreated from recent highs near $235.
Candlestick Theory
Recent price action exhibits a pronounced bearish pattern. The September 24–25 sessions formed two long-bodied red candles, confirming rejection at the $235 resistance. This structure signals strong selling pressure, with the second candle closing near its low ($210.2 after testing $203.55). Key support now converges at the psychological $200 level and the August 2025 swing low of $196.93. Resistance solidifies at $225.28 (September 24 close), reinforced by the September 19 high of $224.74. A breakdown below $200 would expose the $185–180 zone from June 2025.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages reveal deteriorating momentum. Current trading below all three major averages ($215–228 range) confirms a bearish near-term structure. Notably, the 50-day MA crossed below the 100-day MA in early September, signaling intermediate-term weakness. The 200-day MA at $215 acts as dynamic resistance, while sustained trading below this level reinforces downside bias. This alignment suggests an entrenched downtrend requiring reconquest of $225–230 to invalidate.
MACD & KDJ Indicators
MACD (12,26,9) shows a bearish crossover below its signal line, with the histogram expanding negatively—indicating accelerating downward momentum. KDJ readings align with this view: The %K line (14-period) at 20 and %D at 25 reflect oversold conditions but lack bullish confirmation. While KDJ’s positioning hints at potential short-term relief, MACD’s persistent negative trajectory suggests any bounce may face resistance. Divergence remains absent, as both oscillators corroborate the current downtrend.
Bollinger Bands
Volatility has expanded sharply, with price breaking below the lower Bollinger Band ($218) during the recent sell-off. This deviation typically signals an oversold bounce opportunity, but the lack of immediate recovery and the band’s widening underscore sustained bearish pressure. The preceding contraction in August–September resolved with a decisive downside breakout, indicating continuation risks toward the $200 support. A close above the 20-day moving average (now $225) would be needed to stabilize the technical picture.
Volume-Price Relationship
Volume patterns validate bearish conviction. The two-day decline occurred on elevated turnover (3.24M and 2.58M shares), exceeding the 20-day average. This distribution suggests institutional participation in the sell-off. Conversely, the preceding rally to $235 on September 22–23 featured lower volume (2.26M and 2.05M shares), indicating weak buying commitment. Sustained high volume on down days versus muted volume on rebounds reinforces the downtrend’s sustainability.
Relative Strength Index (RSI)
The 14-day RSI at 28 signals oversold conditions, nearing the sub-30 threshold that historically precedes bounces. However, RSI divergence is absent—previous lows in June ($175) coincided with RSI readings near 30, while current weakness drives RSI to comparable levels without corresponding price stabilization. While oversold, the indicator’s failure to establish higher lows against lower price lows warrants caution. A relief rally would require RSI recovery above 50 to signal genuine momentum shift.
Fibonacci Retracement
Using the June 2025 low of $175 and the September 2025 peak of $235, key Fibonacci levels offer confluence with observed price behavior. The 50% retracement ($205) aligns with the latest closing price ($210.2), while the 61.8% level at $198 converges with the $200 psychological support. These zones may prompt technical bounces. However, a breach of the 61.8% retracement would target the 78.6% level at $188, potentially activating stop-loss cascades. The $195–200 region thus represents a critical defensive line for bulls.
Confluence and Divergence Observations
Strong confluence exists near the $200 support, where Fibonacci’s 61.8% retracement, the psychological $200 level, and long-term swing lows intersect. Conversely, the RSI’s oversold signal lacks confirmation from KDJ, which remains in neutral territory (20–25) without bullish crossover. Notable absence of bullish divergences across oscillators reinforces downside risks. A breakdown below $200 would likely accelerate selling toward $185–180, while recovery above $225 is needed to challenge bearish structure. Probabilistically, oversold conditions favor tactical rebounds, but volume and moving average alignment suggest underlying weakness may persist.