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Jacobs Solutions, as part of the 3Rivers joint venture with GHD, has been selected to lead the business case for permanent fish passage solutions across the Menindee Lakes and Lower Darling–Baaka River.
The company announced the news on social media. Further information is available through a provided link.
Jacobs Solutions is currently trading at $125.89, positioned well below its MA-20 ($131.64), MA-50 ($135.91), and MA-200 ($141.47), which highlights persistent short-, medium-, and long-term downward pressure. The Ichimoku Kijun at $133.01 stands above the current price and should be viewed as immediate resistance. Near-term support is provided by MA-10/MA-20 clustered around $128.69–$131.64, while MA-50 ($135.91) and the Ichimoku Kijun ($133.01) form layers of near-term and key resistance, with MA-200 ($141.47) as a longer-range barrier. Key support lies at the week’s low of $125.51.
Momentum on D1 remains weak, with both MACD and ADX flagging a clear bearish trend. RSI sits at 36.84, and both CCI and Stoch RSI signal oversold conditions, suggesting short-term exhaustion in selling but no confirmed reversal. BBP at –0.71 indicates pronounced seller dominance intraday. AO is neutral, and the weekly chart shows Jacobs Solutions down $2.45 (1.91%) from last week’s close of $128.34, now sitting at the very bottom of the weekly range. Weekly volatility stands at 4.95%. In today's session, the stock has dropped 2.80%, marking a sharp move lower and reinforcing the steady decline theme through the week.
Looking ahead, the expected price range for the next week is $123.50 to $129.00, reflecting both historical volatility and current pressures, and staying well within the 52-week corridor of $105.18 to $166.22. There is a very high probability (more than 80%) of a further decline, with upward moves much less likely given the persistent bearish signals from D1 and W1 MACD, RSI, and moving averages. Baseline scenario: the price grinds sideways between recent lows and $129. A bullish scenario would require a breakout above $133 resistance, potentially targeting the $135–$137 band. The bearish scenario involves a drop below $125.50, which could trigger a move to the low $123–$124 area before any stabilization.
Earlier, analysts noted that Jacobs Solutions was experiencing sustained bearish momentum with little evidence of an imminent recovery. As the current article examines recent developments and market reactions, traders should closely monitor any shifts in short-term momentum for the first signs of a potential trend reversal.