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JBL Forms Cup Base but Stage 3 Topping and Bear Flag Keep Sentiment Cautious

Posted on by Eben@CANSLIM Research
JBL daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 3 (Topping), as of September 25, 2026 at 00:08 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

JBL is trading at 305.42, churning around its 30-week moving average in what is classified as a Stage 3 topping consolidation. The market is focused on a 14-week cup base with a 25.5 percent depth and a pivot at 385.55, but the presence of a bear flag and a trend template passing only 4 of 8 checks suggests the stock remains under pressure. Overall sentiment is cautious and deteriorating, with the technical picture showing no confirmed breakout.

Technical Analysis

As of 2026-09-24 · Close $305.42

Stage Analysis

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: 2.66%)

Detected Patterns — What the Market Is Watching

  • Cup Base — depth 25.5%, length 14 weeks, pivot $385.55. Base formed from 2026-06-15 (left-side high) to 2026-09-24, with the low of $287.08 set on 2026-07-29
  • Bear Flag below the 50-day moving average

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