JNJ Technical Analysis - JOHNSON & JOHNSON

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to JNJ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, JNJ is showing a nice and steady performance.

Warning: JNJ has an average volume of 4023 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!

JNJ is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 79% of 54 stocks in the same industry.

JNJ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month JNJ has a been trading in the 146.98 - 165.88 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that JNJ is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.

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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 / JNJ Weekly stock chart

JOHNSON & JOHNSON / JNJ Daily stock chart

Setup Rating and Analysis

Although JNJ has an excellent technical rating, it 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

130.03

166.25

We found 3 important support areas.

A support zone ranging from 149.25 to 155.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @138.12 from a horizontal line in the daily time frame.
A support zone ranging from 131.34 to 131.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Support and Resistance Screener and Trading Strategies

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 JNJ.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for JNJ.DE is up.
ChartMill Relative Strength	82.13	POSITIVE	JNJ.DE has a high relative strength, it outperformed 82.13% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of JNJ.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of JNJ.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of JNJ.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	83.28	OVERBOUGHT	The high RSI value suggests JNJ.DE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.1	POSITIVE	The MACD value suggests JNJ.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	97.01	OVERBOUGHT	The high Stochastics value suggests JNJ.DE may be overbought.
Average True Range in percent/ATR (20)	1.37	LOW VOLATILITY	The low ATR as a percentage value for JNJ.DE suggests low volalility.
Average Directional Index/ADX (14)	25.27	POSITIVE	The high ADX value value for JNJ.DE suggests a strong trend.