JLable text Horizontal and Vertical Alignment

Horizontal Alignment 

Text Alignment Rigth

JLabel label1 = new JLabel("BottomRight", SwingConstants.RIGHT);

Text Alignment Left (It is by default)

JLabel label2 = new JLabel("CenterLeft", SwingConstants.LEFT);

Text Alignment Center

JLabel label3 = new JLabel("TopCenter", SwingConstants.CENTER);

Vertical Alignment

Text Alignment Bottom

label1.setVerticalAlignment(SwingConstants.BOTTOM);

Text Alignment Center vertically

label2.setVerticalAlignment(SwingConstants.CENTER);

Text Alignment Top

label3.setVerticalAlignment(SwingConstants.TOP);