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Construction & Engineering Industry Stocks Technical Analysis - J

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- 1/17/2025 -
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Jacobs Eng (J) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week after 6 consecutive negative weeks for the Jacobs Eng (J). During the week, the J gained 6.90 points, or 5.21%, and closed at 139.30 on Friday, January 17, 2025. Weekly volume was -17% below average.

Long-term trend: [See J long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 106.78 and reached 156.31 on September 27, 2024. J gained -49.53 points, or -46.39%, in 102 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (148.42) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See J medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 156.31 and reached 128.71 on September 30, 2024. J lost 27.60 points, or 17.66%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 130.98 and resistance is at 142.93. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See J weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since September 27, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See J short-term trend chart]
A short-term uptrend had started on January 8, 2025 at 130.80 and reached 140.00 on January 17, 2025. J gained -9.20 points, or -7.03%, in 9 days. The price is now at the 7.61% retracement level.

Daily Technical Indicators: [See J daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.40
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 86.69
Overbought
Greed/Fear Indicator (GFI) 79.10
Moving Average Converg./Diverg. (MACD) -0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.92
Williams' Percentage Range (W%R) 62.40
Lane's Stochastic (%D-Slow) 19.94
Oversold
Greed/Fear Indicator (GFI) 35.02
Moving Average Converg./Diverg. (MACD) -1.07
Trading Signals
Description Value Chart
Yearly Trendline Resistance 160.15
Yearly Trendline Support 148.42
Quarterly Trendline Resistance 142.93
Price 139.30
Upper Bollinger Band 139.30
Daily Stochastic Crossing 139.09
50 Day Moving Average 137.64
20 Day Moving Average 134.63
Weekly Stochastic Crossing 133.13
Parabolic System 132.08
Lower Bollinger Band 131.69
Quarterly Trendline Support 130.98
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Construction & Engineering 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 130.80
Low Date 01/08/2025
High 140.00
High Date 01/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.80
Low Date 01/08/2025
High 140.00
High Date 01/17/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.80
Low Date 01/08/2025
High 140.00
High Date 01/17/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 142.93
Support 130.98
High 156.31
High Date 09/27/2024
Low 128.71
Low Date 09/30/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 160.15
Support 148.42
Low 106.78
Low Date 10/13/2022
High 156.31
High Date 09/27/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.