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Construction & Engineering Industry Stocks Technical Analysis - JArchive
- 4/19/2024 -
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Jacobs Eng (J) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Jacobs Eng (J). During the week, the J gave back -0.82 points, or -0.57%, and closed at 143.83 on Friday, April 19, 2024. Weekly volume was -29% below average.
J is a member of Industrials Sector. Industrials is the second 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 uptrend had started on October 13, 2022 at 106.78 and reached 154.50 on March 28, 2024. J gained -47.72 points, or -44.69%, in 76 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See J medium-term trend chart]
A medium-term uptrend had started on November 22, 2023 at 120.71 and reached 154.50 on March 28, 2024. J gained -33.79 points, or -27.99%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 138.12 and resistance is at 159.38. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See J weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 26, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 17, 2024 at 145.91 and reached 142.95 on April 18, 2024. J lost 2.96 points, or 2.03%, in 1 days. The price is now at the 29.73% retracement level.
Daily Technical Indicators: [See J daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (145.18) comes close to the price (143.83). It indicates that the trend is getting weaker. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Construction & Engineering |
104 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
145.91 |
| High Date |
04/17/2024 |
| Low |
142.95 |
| Low Date |
04/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
154.50 |
| High Date |
03/28/2024 |
| Low |
141.57 |
| Low Date |
04/17/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
159.38 |
| Support |
138.12 |
| Low |
120.71 |
| Low Date |
11/22/2023 |
| High |
154.50 |
| High Date |
03/28/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
106.78 |
| Low Date |
10/13/2022 |
| High |
154.50 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
150.32 |
| High Date |
04/21/2022 |
| Low |
106.78 |
| Low Date |
10/13/2022 |
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