JOHNSON & JOHNSON (JNJ) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:JNJ • US4781601046
Overall JNJ gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, JNJ did better than 89% of all other stocks. We also observe that the gains produced by JNJ over the past year are nicely spread over this period.
- JNJ is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 75% of 191 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 203.85 - 240.94 range, which is quite wide. It is currently trading near the high of this range.
- JNJ has an average volume of 8684090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although JNJ has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
144.68
5 important support areas can be observed.
- A support zone ranging from 212.32 to 216.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 204.30 to 206.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @199.96 from a horizontal line in the daily time frame.
- Support @161.22 from a trend line in the weekly time frame.
- Support @146.14 from a horizontal line in the weekly time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JNJ is up. |
| ChartMill Relative Strength | 89.48 | POSITIVE | JNJ has a high relative strength, it outperformed 89.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JNJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JNJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JNJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.07 | OVERBOUGHT | The high RSI value suggests JNJ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests JNJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.4 | OVERBOUGHT | The high Stochastics value suggests JNJ may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for JNJ suggests low volalility. |
| Average Directional Index/ADX (14) | 34.3 | POSITIVE | The high ADX value value for JNJ suggests a strong trend. |
238.64
-1.35 (-0.56%)
JOHNSON & JOHNSON / JNJ FAQ
Can you provide the ChartMill technical rating for JOHNSON & JOHNSON?
ChartMill assigns a technical rating of 10 / 10 to JNJ.
What is the current trend direction of JOHNSON & JOHNSON (JNJ) stock?
The current trend direction for JOHNSON & JOHNSON (JNJ) is Bullish.
What is the RSI signal for JNJ stock?
JOHNSON & JOHNSON (JNJ) has an RSI value of 82.068. This indicates that the stock is currently overbought.
What is the short term momentum for JNJ stock?
The short term momentum for JOHNSON & JOHNSON (JNJ) is positive.
Can you provide the buy/sell signal for JOHNSON & JOHNSON?
The buy/sell signal for JOHNSON & JOHNSON (JNJ) is buy as both the short term and long term trends are positive.