JOHNSON & JOHNSON (JNJ) Stock Technical Analysis
NYSE:JNJ - New York Stock Exchange, Inc. - US4781601046 - Common Stock - Currency: USD
Overall JNJ gets a technical rating of 6 out of 10. JNJ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
JNJ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 157.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 155.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JNJ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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140.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 153.39 to 155.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @148.69 from a horizontal line in the daily time frame.
- A support zone ranging from 142.05 to 145.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @157.75 from a horizontal line in the daily time frame.
- Resistance @162.39 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 165.39 to 167.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for JNJ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JNJ is up. |
| ChartMill Relative Strength | 50.87 | NEUTRAL | JNJ is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of JNJ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.49 | NEUTRAL | The RSI value for JNJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests JNJ has a positive trend. |
| Stochastics (14,3) | 80.5 | OVERBOUGHT | The high Stochastics value suggests JNJ may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for JNJ suggests low volalility. |
| Average Directional Index/ADX (14) | 10.26 | NEGATIVE | The low ADX value for JNJ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 157.76 | 153.38 | 4.38 (2.78%) | 25.00% |
| An entry @157.76. This is a Buy Stop order right above the resistance zone. | An exit @153.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.38 points, which is 2.78%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
157.1
+0.44 (+0.28%)