Jacobs Solutions Inc. (J)
Jacobs Engineering Group Inc. (NYSE: J) is an American international technical professional services firm. The company provides technical, professional and construction services, as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.84% per annum.
- J price at the close of April 2, 2025 was $124.52 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 54.41% per annum.
- J price at the close of April 2, 2025 was higher than the top border of the secondary price channel by $1.23 (0.99%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of J price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 16, 2024
End date: April 2, 2025
a = 6.5190
b = -0.0009
s = 0.0270
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -28.84%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0270) – 1
= 11.42%
October 16, 2024 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,657 + 2 × s)
= Exp(6.5190 + -0.0009 × 1,657 + 2 × 0.0270)
= Exp(5.0283)
= $152.68
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,657 – 2 × s)
= Exp(6.5190 + -0.0009 × 1,657 – 2 × 0.0270)
= Exp(4.9202)
= $137.03
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.5190 + -0.0009 × 1,825 + 2 × 0.0270)
= Exp(4.8717)
= $130.55
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.5190 + -0.0009 × 1,825 – 2 × 0.0270)
= Exp(4.7636)
= $117.17
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 28.84% per annum.
- J price at the close of April 2, 2025 was $124.52 and was inside the primary price channel.
Secondary Trend
Start date: January 16, 2025
End date: April 2, 2025
a = 8.7068
b = -0.0022
s = 0.0178
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -54.41%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0178) – 1
= 7.39%
January 16, 2025 calculations
Top border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 + 2 × s)
= Exp(a + b × 1,749 + 2 × s)
= Exp(8.7068 + -0.0022 × 1,749 + 2 × 0.0178)
= Exp(4.9781)
= $145.20
Bottom border of price channel:
Exp(Y1,203)
= Exp(a + b × X1,203 – 2 × s)
= Exp(a + b × 1,749 – 2 × s)
= Exp(8.7068 + -0.0022 × 1,749 – 2 × 0.0178)
= Exp(4.9069)
= $135.22
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(8.7068 + -0.0022 × 1,825 + 2 × 0.0178)
= Exp(4.8146)
= $123.29
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.7068 + -0.0022 × 1,825 – 2 × 0.0178)
= Exp(4.7433)
= $114.81
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 54.41% per annum.
- J price at the close of April 2, 2025 was higher than the top border of the secondary price channel by $1.23 (0.99%). This indicates a possible reversal in the secondary trend direction.