John Bean Technologies Corp (JBT): Examining Today’s Signals

After a recent indicator spot-check, we are noting that shares of John Bean Technologies Corp (JBT) are showing a 7 day ADX signal of Buy. This signal is generally used to determine the market trend. The 7-day average directional strength is Minimum. This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest. The 7-day ADX direction is currently Strengthening. This signal shows whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.  

Investors often have to calculate risk/reward scenarios when navigating the equity market. Keeping track of alternatives and gauging the likelihood of certain outcomes can help with designing a legitimate strategy. When all the research and planning has been completed, there may come a time when the investor has to make a decision and get ready to take some action. There will obviously be some trades that work out great and others that don’t. Accepting the fact that this is part of the process can help keep the investor focused on the next trade instead of lamenting the past. 

Checking in on the 20-Day Bollinger Bands signal, the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions. The current direction of the signal  is Falling.

Investors may be interested in viewing some other important technical stock indicators for John Bean Technologies Corp (JBT). Investors are often focused on share price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the focus may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 92.1, and the second resistance level is 92.56. On the other end, investors are keeping an eye on the first support level of 90.97, and the second support level of 90.3.

Turning the focus to earnings, we note that John Bean Technologies Corp (JBT), for the most recent period, the company posted quarterly EPS of 1.65. The trailing 12 month earnings number is currently 4.29. The company’s EPS growth over the previous quarter clocks in at 55.66%. The EPS metric is frequently used to measure a company’s profitability based on each outstanding share of common stock. When a company reports earnings results, the majority of the attention is on whether or not the EPS estimate is hit or missed. Wide gaps between estimates and actual reported figures may result in above normal stock price fluctuations after the earnings report.

Focusing in on some other data, we can see that the stock has a weighted alpha reading of -18.25. The weighted alpha gauges how much the stock has increased or decreased over the period of one full year. The weighting puts higher emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum.

Stock market investors may be taking some time to review portfolio allocation. Rebalancing the portfolio may be necessary for some but not for others. Rebalancing the portfolio may help provide a strategy for when the market becomes highly volatile. This process may also help keep the investor buying low and selling high. Investors may also be looking at some different stocks to explore in the next few months. This may include reviewing some foreign markets or some new sectors that were previously not included in the stock portfolio. Completing all the necessary research is typically a good way to start building a more comprehensive pool of diversified stocks.