1JNJ Technical Analysis - JOHNSON & JOHNSON

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to 1JNJ. In the last year, 1JNJ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, 1JNJ is a bad performer in the overall market: 100% of all stocks are doing better.

1JNJ is one of the lesser performing stocks in the Pharmaceuticals industry. 92% of 51 stocks in the same industry do better.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Warning: 1JNJ has an average volume of 159 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

In the last month 1JNJ has a been trading in the 127.72 - 153.40 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

JOHNSON & JOHNSON / 1JNJ Weekly stock chart

JOHNSON & JOHNSON / 1JNJ Daily stock chart

Setup Rating and Analysis

1JNJ has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

129.01

159.51

When analyzing the support we can see 2 important areas.

A support zone ranging from 141.10 to 141.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 130.31 to 132.04. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 157.03 to 157.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1JNJ.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1JNJ.MI is up.
ChartMill Relative Strength	0	NEGATIVE	1JNJ.MI has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1JNJ.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1JNJ.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	64.55	NEUTRAL	The RSI value for 1JNJ.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.24	POSITIVE	The MACD value suggests 1JNJ.MI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	89.31	OVERBOUGHT	The high Stochastics value suggests 1JNJ.MI may be overbought.
Average True Range in percent/ATR (20)	2.21	MEDIUM VOLATILITY	The ATR as a percentage value for 1JNJ.MI suggests some volalility.
Average Directional Index/ADX (14)	15.5	NEGATIVE	The low ADX value for 1JNJ.MI suggests a weak or negative trend.