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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- 8/28/2026 -
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Jacobs Eng (J) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a second consecutive positive week for the Jacobs Eng (J). During the week, the J gained 1.90 points, or 1.27%, and closed at 151.98 on Friday, August 28, 2026. Weekly volume was -22% below average.

Long-term trend: [See J long-term trend chart]
A long-term downtrend had started on October 24, 2025 at 168.44 and reached 105.68 on May 13, 2026. J lost 62.76 points, or 37.26%, in 28 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (90.52) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. J may retest the broken resistance line. It is considered to be a support line now. 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 May 13, 2026 at 105.68 and reached 153.30 on August 26, 2026. J gained -47.62 points, or -45.06%, in 15 weeks. Price is near the trend high.

Weekly Technical Indicators: [See J weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 18, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 uptrend had started on August 27, 2026 at 149.78 and reached 153.01 on August 28, 2026. J gained -3.23 points, or -2.16%, in 1 days. The price is now at the 31.89% retracement level.

Daily Technical Indicators: [See J daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since August 20, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.27
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 83.94
Overbought
Greed/Fear Indicator (GFI) 77.53
Moving Average Converg./Diverg. (MACD) 4.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.34
Overbought
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 85.90
Overbought
Greed/Fear Indicator (GFI) 81.50
Overbought
Moving Average Converg./Diverg. (MACD) -0.51
Trading Signals
Description Value Chart
Upper Bollinger Band 152.84
Price 151.98
Daily Stochastic Crossing 151.38
Weekly Stochastic Crossing 149.36
Parabolic System 146.80
20 Day Moving Average 146.63
Lower Bollinger Band 138.58
50 Day Moving Average 135.87
Yearly Trendline Resistance 127.93
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Construction & Engineering 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 149.78
Low Date 08/27/2026
High 153.01
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 149.78
Low Date 08/27/2026
High 153.01
High Date 08/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 142.41
Low Date 08/13/2026
High 153.30
High Date 08/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.68
Low Date 05/13/2026
High 153.30
High Date 08/26/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 127.93
Support 90.52
High 168.44
High Date 10/24/2025
Low 105.68
Low Date 05/13/2026
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.