Jacobs Engineering Group Inc (J): Price Now Near $133.99; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for J

At the moment, J (Get Ratings)’s price is down $-0.37 (-0.28%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Construction stocks, J ranks 29th in regards to today’s price percentage change.

J’s Technical Outlook on the Daily Chart

At the moment, J’s price is up $0.36 (0.27%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Jacobs Engineering Group Inc’s price action over the past 90 days can be seen via the chart below.

J

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