John Bean Technologies CORP (JBT): Price Now Near $145.97; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for JBT

Currently, JBT (Get Ratings)’s price is down $-1 (-0.68%) from the hour prior. This is the 2nd hour in a row JBT has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

JBT ranks 86th in terms of today’s price percentage change out of Machinery stocks.

JBT’s Technical Outlook on the Daily Chart

Currently, JBT’s price is down $-2.34 (-1.58%) from the day prior. This is the 2nd day in a row JBT has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. John Bean Technologies CORP’s price action over the past 90 days can be seen via the chart below.

JBT

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JBT: Daily RSI Analysis

  • JBT’s RSI now stands at 3.8889.
  • JBT and RSI may be exhibiting divergent trends. This may be something to monitor.

For JBT News Traders

News traders keeping an eye on JBT may find value in this recent story:

John Bean (JBT) Scales 52-Week High: More Upside Left?

John Bean’s (JBT) encouraging Q2 results, solid order levels, focus on strategic buyouts and cost-cutting efforts are contributing to its share-price rally.

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