Joby Aviation (JOBY) continues to trend lower today, down roughly 3% as we move closer to the company’s upcoming earnings release in about two weeks. From my perspective, the recent price action has been defined by consistent selling pressure, and the technicals remain the primary focus as I evaluate where the stock may stabilize if weakness persists.
Last week, the stock experienced a notable breakdown, with price action pushing down toward $9.25 on Thursday before staging a sharp rebound of more than 12% on Friday. That bounce showed that buyers are still willing to step in at key inflection points, but the broader trend has not yet fully shifted. If JOBY begins to roll over again from current levels, I am watching several clear areas on the chart that could act as support.
The first level of support I am tracking is the $9.25 pivot low established on Thursday. This level already proved to be an area where demand stepped in aggressively, and in my view, it represents the nearest line in the sand should price revisit that zone. A break below that level would suggest that the recent bounce was more of a short-term reaction than a sustained reversal.
If selling pressure continues beyond that initial support, the next level I am watching sits around $8.11, which aligns with a previous gap fill. Historically, gap fill areas often act as magnets for price and can also serve as stabilization zones where buyers reassess positioning. From a technicals standpoint, this becomes the secondary level where I would expect increased attention from both traders and longer-term participants.
The final level of support I have identified lies near the “Liberation Day” lows around $5. This area represents a much deeper retracement and would only come into play if downside momentum accelerates significantly. If price were to approach that region, it would likely reflect a broader shift in sentiment rather than a simple short-term pullback.
For context, Joby Aviation is a California-based transportation company founded in 2009 that is developing all-electric vertical take-off and landing (eVTOL) aircraft designed to operate as part of a fast, quiet air taxi service. The company’s aircraft are intended to carry a pilot and multiple passengers while helping reduce congestion through electric flight solutions.
As always, regardless of the levels I am watching, I believe it is critical to approach any trade with disciplined risk management. Even when the technicals present clear support zones, protecting capital and sizing appropriately remains the priority.
Source: https://www.fxstreet.com/news/joby-aviation-continues-to-fall-my-key-levels-of-support-here-202602102034
