Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The stock price of JetBlue Airways Corporation is below the key 20 and 50 daily moving averages.</a> </li> 
 <li> <span>2</span> <a>JBLU stock has been following a downward trendline for a long time.</a> </li> 
 <li> <span>3</span> <a>JetBlue Airways Corporation (NASDAQ: JBLU) stock’s 52-week price range is around $4.5 – $21.97.</a> </li> 
</ul> 
<p>The JBLU stock has a float of 332.04 Million shares and a market cap of $1.51 Billion. The JetBlue stock’s current volume is 12.67 million and last 10 days average volume is 20.14 million.</p> 
<p>The JetBlue stock’s (earnings per share) EPS for the trailing twelve months is 0.08 and its price-to-earnings ratio for the same period is 60.10. The JetBlue stock has a CMP of $4.53 and an intraday loss of 1.09%.</p> 
<p>The latest quarterly report for the period ending June 2023 showed a revenue of $2.61 Billion, a net income of -$362.00 Million, and a profit margin of -3.95% and it seems that the net income and profit margin in JBLU is declining annually. This highlights the stock’s fundamentals and financials are dropping significantly. The next quarter’s revenue is estimated to be $2.405 Billion.</p> 
<p>The latest quarterly balance sheet of JetBlue for the quarter ending June 2023 reported $14.45 Billion in total assets and $10.88 Billion in total liabilities. A closer look at the annual trends reveals that the assets have remained almost unchanged while the liabilities have grown significantly every year. This indicates a negative financial and fundamental outlook for the stock.</p> 
<p>At the time of publishing, the major EMAs are bearish in JetBlue Airways Corporation (NASDAQ: JBLU). MACD shows a bearish cross on the charts with stagnant width in the histogram while the RSI is in an extreme oversold zone.</p> 
<h2 class="wp-block-heading" id="strong-jblu-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>JBLU Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687-1024x594.png" alt="" class="wp-image-170341" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-687.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: JBLU.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>JetBlue Airways Corporation (NASDAQ: JBLU) is experiencing a sharp decline from $22, following a downward trendline since March 2021. Since then, it is making lower lows and highs.</p> 
<p>The JBLU stock may continue to fall further if bears push more and break below $4.50, which could lead to a target of $4.&nbsp;</p> 
<p>Alternatively, if the JBLU stock manages to reverse by surging in strong buying momentum, it may thrust above $5, which might trigger a rally to $5.50 or higher.</p> 
<p>JBLU stock does not offer any amount of dividends to its shareholders and it has never done the same in the past as well. It seems unlikely that JBLU company will pay any dividends amount in the future either. This highlights that the shareholders do not get any kind of regular income from the <a href="https://www.thecoinrepublic.com/2023/08/29/jblu-stock-price-forecast-can-jblu-survive-the-fall/" target="_blank" rel="noreferrer noopener">JBLU stock</a> and this might be reducing the attractiveness of the stock for many investors out there in the market.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>JetBlue stock has been in a downtrend since March 2021, with weak financials and fundamentals. The <a href="https://www.thecoinrepublic.com/2023/08/29/jblu-stock-price-forecast-can-jblu-survive-the-fall/" target="_blank" rel="noreferrer noopener">stock</a> has no dividends and may fall to $4 or rise to $5.50 depending on the trend reversal. The technical indicators are bearish and oversold.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $4.5 and $4</p> 
<p><strong>Resistance levels</strong>: $5 and $5.5</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

JBLU Stock Forecast: Can (NASDAQ: JBLU) Rebound Before Year End?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 22, 2023

Anthony Scaramucci Remains Bullish on Bitcoin’s Potential

Bybit Unveils Automated Risk Management Tool ‘Perp Protect’

Judge denies motion to dismiss in Compound DAO case update

Binance and Changpeng Zhao ask court to dismiss SEC suit

Omni Network Airdrop Guide: How To Participate in the Omni Network Airdrop?

Binance and CEO Changpeng Zhao File Motion to Get SEC Lawsuit Dismissed

Join our free newsletter for daily crypto updates!