J Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for Jacobs Solutions (J) for the next trading week:
Technical Analysis
- Current price: $134.76
- RSI(14) at 42.44 indicates neutral territory but slightly oversold
- MACD at -0.46 shows bearish momentum
- 20-day SMA at $137.28 acting as immediate resistance
- 200-day SMA at $127.76 providing long-term support
Recent Price Action and News Impact
- Stock dropped 2.72% in recent trading
- Q1 2025 results showed mixed performance with revenue of $2.93 billion and net profit of $110.3 million, down from $4.16 billion revenue and $171.61 million profit year-over-year
- Received Hold ratings from multiple analysts including Bank of America Securities and KeyBanc
Fibonacci Levels for Next Week
- Resistance 1: $142.86
- Resistance 2: $146.39
- Resistance 3: $152.11
- Support 1: $131.42
- Support 2: $127.89
- Support 3: $122.17
- Pivot: $137.14
Price Prediction for Next Week Based on technical indicators and recent news sentiment:
- Most likely scenario (60% probability): Price will trade between $131.42 (S1) and $137.14 (Pivot)
- Target price: $134.50
Trading Recommendation: SELL
- Entry point: Current market price ($134.76)
- Stop loss: $137.50 (above pivot)
- Take profit: $131.42 (S1)
Rationale: Bearish MACD, recent price weakness, and analyst hold ratings suggest downward pressure in the short term. The stock is likely to test support levels before finding stability.
J Similar Chart Price Prediction
The price of J is predicted to go up -8.8%, based on the high correlation periods with FRAF. The similarity of these two price pattern on the periods is 94.61%.
J
FRAF
Down: -8.8%Similarity: 94.61%
J Revenue Forecast
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J VS S&P500
Management has shifted Jacobs' portfolio toward sectors with favorable long-term prospects, including transportation and water.
The firm is poised to benefit from increased government spending in the United States due to the Infrastructure Investment and Jobs Act, the Inflation Reduction Act, and the Chips Act.
We expect operating margins to expand due to cost optimization and favorable mix shift.
J Analyst's Forecast
Andrew Kaplowitz
Citigroup
Strong Buy
2024-10-22
Price Target
$139 → $166
Upside
+17.12%
Citi raised the firm's price target on Jacobs to $166 from $138.60 and keeps a Buy rating on the shares. The firm sees further upside to its preferred engineering and construction names saying continued healthy end market demand trends and ongoing self-help initiatives should support earnings growth. Earnings visibility remains "reasonably elevated" for most in the group heading into the Q3 results, the analyst tells investors in a research note. Quanta Services (PWR) remains Citi's top pick followed by MasTec (MTZ) and Aecom (ACM).
Jamie Cook
Truist Securities
Hold
2024-10-09
Price Target
$158 → $139
Upside
+1.27%
Brian Gesuale
Raymond James
Hold → Buy
2024-10-04
Price Target
$160
Upside
+14.22%
