The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/20/2025 -
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Jacobs Eng (J) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is overboughtBroken trend resistance line
Daily :Price is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the Jacobs Eng (J). During the week, the J gained 1.44 points, or 1.14%, and closed at 127.33 on Friday, June 20, 2025. Weekly volume was 19% above average.

J is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See J long-term trend chart]
A long-term downtrend had started on September 27, 2024 at 156.31 and reached 106.20 on April 7, 2025. J lost 50.11 points, or 32.06%, in 27 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (97.12) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See J medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 106.20 and reached 130.38 on June 16, 2025. J gained -24.18 points, or -22.77%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (130.22) 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 medium-term trend.

Weekly Technical Indicators: [See J weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See J short-term trend chart]
A short-term downtrend had started on June 16, 2025 at 130.38 and reached 126.37 on June 20, 2025. J lost 4.01 points, or 3.08%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See J daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 17, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.05% on Friday. It is 57.53% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.10
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 53.43
Greed/Fear Indicator (GFI) 56.98
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.88
Williams' Percentage Range (W%R) 43.90
Lane's Stochastic (%D-Slow) 87.80
Overbought
Greed/Fear Indicator (GFI) 65.25
Moving Average Converg./Diverg. (MACD) -3.71
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 134.78
Parabolic System 130.28
Quarterly Trendline Support 130.22
Upper Bollinger Band 129.39
Weekly Stochastic Crossing 128.57
Daily Stochastic Crossing 128.32
Price 127.33
20 Day Moving Average 126.86
Yearly Trendline Resistance 124.48
Lower Bollinger Band 124.22
50 Day Moving Average 124.12
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Construction & Engineering 113
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 130.38
High Date 06/16/2025
Low 126.37
Low Date 06/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.38
High Date 06/16/2025
Low 126.37
Low Date 06/20/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.55
Low Date 06/02/2025
High 130.38
High Date 06/16/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 134.78
Support 130.22
Low 106.20
Low Date 04/07/2025
High 130.38
High Date 06/16/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 124.48
Support 97.12
High 156.31
High Date 09/27/2024
Low 106.20
Low Date 04/07/2025
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.