Jet Blue Pitchfork Chart - Very actionable (bullish)This NASDAQ:JBLU pitchfork chart looks to be playing out well. After breaking our of a large base in the 6s Jet Blue has its eyes on higher prices.
JBLU trade ideas
$JBLU Ready To TakeoffConfident in its ability to complete its Spirit Airlines (NYSE: SAVE) acquisition, JetBlue Airways Corporation (NASDAQ: JBLU) kicked off the 2023 fiscal year with strong Q1 earnings. JBLU is now preparing for the second half of the year, which has historically been its strongest. Furthermore, JBLU provided positive EPS guidance for the full year which means JBLU could be back to profitability soon. As we are entering the summer season, JBLU stock could be poised for an extremely successful second half of the year.
JBLU Fundamentals
Spirit Acquisition on Hold
Despite the Spirit Airlines acquisition being put on hold due to the Department of Justice suing JBLU earlier this year to block the merger on the grounds that the merger will cause airfares to increase, JBLU is still committed and forging ahead with its planned acquisition. The Spirit Merger would see JBLU becoming the fifth largest airline in the US, which would mean that JBLU will expand its market reach and gain new customers at a different price level.
Furthermore, JBLU has entered an agreement with Frontier Airlines (NASDAQ: ULCC) to divest all Spirit Airlines holdings at New York’s LaGuardia Airport. While this may slightly hurt Spirit Airlines’ revenue it may be an important step to make sure the merger is completed successfully.
Summer Peak Approaching
After JBLU announced 34% YoY revenue growth in Q1 and capacity growth of 9% over the same period, it is expected to record higher revenue for the rest of the year with its weaker season out of the way. JBLU also expects its capacity to be up in Q2 between 4.5% to 7.5% YoY and revenue to increase between 4.5% to 8.5% YoY.
While the Federal Aviation Administration’s (FAA) 10% voluntary reductions for carriers may pose a problem not just for JBLU but for the whole aviation sector, JBLU is still going strong into its second quarter. JBLU is seeing two-thirds of its flights booked to date for the second quarter, in line with past quarters, and is also opening its own travel booking website, Paisley, which will help JBLU diversify its revenues.
Given its recent successes, it is not a surprise to see JBLU approaching its 2019 margins indicating that the company might return to profitability soon especially since it reduced its net loss to $192 million by nearly 25% YoY and forecasting a $0.70 to $1 EPS for the full year. Getting back to profitability may give JBLU stock a push to get back to its year high of $9.35 that it reached back in February.
JBLU Financials
In its Q1 2023 report, JBLU’s assets increased 5% QoQ from $1.9 billion to $2 billion, and its cash and cash equivalents increased 30% QoQ from $1 billion to $1.3 billion. JBLU’s total liabilities increased by 5% QoQ from $9.3 billion to $9.8 billion.
Revenue also increased 31% YoY from $1.6 billion to $2.1 billion. Operating costs increased 19% from $2.1 billion to $2.5 billion, which contributed to the operating loss decrease of 34% YoY from $367 million to $242 million, which amounted to a net loss of $192 million – a 24% decrease YoY.
Technical Analysis
JBLU stock’s trend is neutral with the stock trading in a sideways channel between $6.73 and $7.26. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, RSI is overbought at 74 and the MACD is bullish. It is worth noting that JBLU broke its sideways channel and is yet to retest the upper trendline. Based on this, investors could wait for the stock to retest the upper trendline to confirm breaking the channel which might make it a good entry ahead of JBLU’s upcoming catalysts.
As for the fundamentals, JBLU stock future catalysts will be the result of the Department of Justice lawsuit on October 16, 2023, and the completion of Spirit Airlines acquisition in case JBLU won the lawsuit. Since this acquisition will make JBLU the fifth largest airline in the US, the stock could soar to retest its 52-week high of $10.64.
JBLU Forecast
Q1 is historically JBLU’s weakest quarter, and with it showing great Q1 results, the rest of the year is looking bright for JBLU, especially since JBLU may return to profitability soon. JBLU is also confident in its ability to complete the Spirit Airlines merger which would make it the fifth largest airline in the US. All of that makes JBLU stock an attractive option in the aviation sector.
JETBLUE Stock Chart Fibonacci Analysis 051723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 7.2/61.80%
JETBLUE Stock Chart Fibonacci Analysis 042923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 7.2/61.80%
JETBLUE Stock Chart Fibonacci Analysis 022023Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 8.64/61.80%
JBLU - Reopening hopesNot investment advice. JBLU should catch a bid on advances in testing techniques that will help accelerate the "return to normalcy."
JBLU: Bullish Trade for the WeekGaps closed on the Daily Chart: This is purely a Weekly Trade on JBLU for a close above 11.82 by end of the week.
If using Options you can extend the expiration date out, use vertical spreads, etc. Trade Small and average in, as applicable to your trading plan.
Our back testing has a 5 out of 6 rating; therefore, 83% historical probability of closing above this lower DOM C parameter.
JetBlue Airways (NASDAQ: $JBLU) Ready For Take Off! 🛫JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.
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Expect a big move on $JBLU once it breaks $JBLU has been stuck in a range for about 156 candles or 225 days, and usually, when a stock stays in a range like this for a long time, it will break very hard and aggressive to the upside or downside. Be on the lookout whenever $JBLU breaks out, right now it looks like it might break to the upside, but it can also break to the downside, be cautious when watching this stock breakout. (Not financial advice).
Feeling pretty bearish on $JBLU.It's at a supply level, and is at the 79% level on the fib indicating that it should fall.
JBLU UP CHANNELJetblue is one of the better managed airlines, routes are mostly demestic so less risk from Covid country closures. US airport traffic returning as there is less fear from Covid compared to last year due. Omnicrom more contagious but low deathrate relative to Delta per data from S. Africa. Be patient as once business travel returns, Jblu will soar. GLTA
JetBlu Airways - Stock Picking - Value InvestingSeems a great VALUE investment. The globe is re opening. Travel will pick up. Rising rates kill large cap #stonks
JBLU ShortTrendline Break
At Resistance Zone
Short Entry 14.9
Stop 16.7
Target 10
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
JBLU about to make a bullish triple bottom AAL UAL DAL all made triple bottoms followed by a strong rally above the trend line.
Delta variant is on its way out, Vax rates are way up and all the airlines posted excellent numbers.
JBLU is domestic but opening global travel on Nov 8 can only help.
If you see JBLU bounce up off $14 it's very bullish.
A massive cup and handle in Weekly chart!As far as I'm concerned, a massive gain is coming on this stock. Absolutely, this is the best time to enter JBLU!
JBLU hovering between two fib confluence zones!$JBLU sandwiched between two fib confluence zones at $15.65 and $14. Watch oscillators to know what will happen at the more significant fib overlaps. Looking bearish now if it runs into $14. More to follow.
$JBLU JetBlue Support / Resistance Sandwich
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if the descending triangle breaks downDelta impacting earnings already
Mu variant is now on the WHO watchlist
back to $10 to fill the gaps
Possible reversal cue for JBLUNASDAQ:JBLU appearing to have found a local bottom. Bullish divergence with RSI on timescales of weeks and months. Heavily tested support holding for now, following the break from a strong downward channel.
Strongly correlated with UAL and related transportation & industrial "reopening" stocks. Considering alongside recent positive catalysts, some may see this 14.00 level as a good buying opportunity. First resistance expected at 15.50, where it should meet the MA50 if the bounce manifests.
my prediction - there will be a head & shoulderjust following the previous stock movement from the sell off back in 2015
