Jabil Stock Surges 16.35% in 3 Days as Technical Indicators Flash Bullish Signals

Jabil (JBL) rose 3.91% in the most recent session, marking its third consecutive day of gains with a cumulative 16.35% advance over this period. This strong momentum prompts a multi-indicator technical analysis of the stock’s price trajectory.
Candlestick Theory
Jabil’s recent candlestick patterns reveal significant bullish momentum. The three white soldiers formation – three consecutive long-bodied green candles – signals robust buying pressure, particularly notable on June 17 (8.89% gain) and June 18 (3.91% gain). Resistance is evident near the June 18 high of $207.10, a psychological barrier. Support materialized at $177.18 (June 16 low), reinforced by the May 13 swing low of $162.30. The absence of upper shadows in recent sessions indicates minimal selling resistance during intraday highs.
Moving Average Theory
The moving average configuration confirms a strong uptrend. The 50-day MA ($171.30) crossed above the 100-day MA ($163.80) in early May, with both sustaining positions above the 200-day MA ($152.40). This golden crossover pattern, coupled with the current price ($204.59) trading 19.5% above the 50-day MA, signals pronounced bullish momentum. The alignment suggests dynamic support near $185–$190 if retracement occurs.
MACD & KDJ Indicators
MACD (12,26,9) exhibits a bullish crossover on June 17, with the histogram expanding positively. This follows a period of consolidation in late May where MACD reset near the zero line, providing a healthy base for the current ascent. KDJ (9,3,3) shows K and D lines rising sharply above 75, approaching overbought territory. The J-line’s vertical ascent to 92 highlights extreme short-term momentum, though such readings often precede consolidations. No bearish divergence is present.
Bollinger Bands
Volatility expansion is evident as the 20-day band width increased 40% during the June 16–18 rally. Price closed above the upper band ($202.80) on June 18 – a statistically rare event occurring in approximately 5% of trading sessions. While this denotes extreme bullishness, it also suggests a higher probability of reversion toward the 20-day SMA ($191.50). The bands’ upward slope nonetheless validates the primary trend.
Volume-Price Relationship
Volume surged 173% on June 17 (6.19M shares) versus the 50-day average, confirming breakout legitimacy. The subsequent session saw volume normalize to 3.09M shares, still above average. This sequence – high breakout volume followed by above-average continuation volume – implies institutional participation. Notably, accumulation began in late May when price bottomed at $168.01 on May 30, with volume consistently expanding during up days.
Relative Strength Index (RSI)
The 14-day RSI (74.2) entered overbought territory on June 18, having risen from 68.5 the prior day. While not yet at extreme levels (peak RSI of 79 occurred during February’s rally), this indicates near-term exhaustion risk. Historically, Jabil’s RSI above 70 preceded minor pullbacks within its primary uptrend. Crucially, no negative divergence exists as RSI confirms the recent price highs.
Fibonacci Retracement
Applying Fib levels between the April 2 peak ($138.75) and June 18 high ($207.10), key thresholds emerge. The 23.6% retracement at $195.60 aligns with the June 17 close ($196.89), now serving as immediate support. Deeper supports include the 38.2% level at $189.35 – near the June 16 breakout point – and the 50% retracement at $184.40. The 61.8% level at $179.40 overlaps with the May 29 high of $179.37, creating a strong confluence zone.
Confluence & Divergence Synthesis
Confluence is observed between Fibonacci ($195.60) and the psychological $200 level as robust support. Moving averages reinforce this zone, with the 50-day MA converging near $190. Divergence appears between RSI’s overbought signal and Bollinger Band width expansion – a common tension during strong trends. MACD and volume analysis concur on bullish momentum sustainability, while KDJ warns of short-term overextension.
The technical landscape suggests Jabil’s uptrend remains intact, though tactically overextended. A consolidation near $195–$200 may materialize to relieve overbought pressures. Subsequent resistance beyond $207.10 appears limited until the $220 psychological level. Traders should monitor the $190 support, where multiple indicators converge, as a potential entry zone during retracements.