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Uptrend ExhaustionArchive
- 5/10/2024 -
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Jacobs Eng (J) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Jacobs Eng (J). During the week, the J dropped -8.85 points, or -5.98%, and closed at 139.24 on Friday, May 10, 2024. Weekly volume was 60% above 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. The price is now at the 31.98% retracement level.
 Medium-term trend: [See J medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 154.50 and reached 137.36 on May 8, 2024. J lost 17.14 points, or 11.09%, in 5 weeks. The price is now at the 10.97% retracement level.
 Weekly Technical Indicators: [See J weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 19, 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 downtrend had started on May 6, 2024 at 151.00 and reached 137.36 on May 8, 2024. J lost 13.64 points, or 9.03%, in 2 days. The price is now at the 13.78% retracement level.
Daily Technical Indicators: [See J daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 touches the lower Bollinger Band. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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