JOHNSON & JOHNSON (JNJ) Stock Technical Analysis
NYSE:JNJ - New York Stock Exchange, Inc. - US4781601046 - Common Stock - Currency: USD
Taking everything into account, JNJ scores 8 out of 10 in our technical rating. Although JNJ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
A new 52 week high is currently being made by JNJ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month JNJ has a been trading in the 164.23 - 180.61 range, which is quite wide. It is currently trading near the high of this range.
JNJ has an average volume of 8612250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that JNJ is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
JNJ is an average performer in the Pharmaceuticals industry, it outperforms 63% of 193 stocks in the same industry.
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.
More info and screens
144.14
180.63
We found 5 important support areas.
- A support zone ranging from 175.01 to 175.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 162.70 to 167.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 152.43 to 155.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @148.69 from a horizontal line in the daily time frame.
- Support @145.60 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 | 75.03 | POSITIVE | JNJ has a high relative strength, it outperformed 75.03% 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) | 75.58 | OVERBOUGHT | The high RSI value suggests JNJ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests JNJ has a positive trend. |
| Stochastics (14,3) | 92.06 | OVERBOUGHT | The high Stochastics value suggests JNJ may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for JNJ suggests low volalility. |
| Average Directional Index/ADX (14) | 38.64 | POSITIVE | The high ADX value value for JNJ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
178.84
+1.04 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.58%
1 Week2.53%
2 Weeks4.84%
1 Month5.76%
3 Month16.93%
6 Month10.19%
12 Month8.96%
2 Year10.61%
3 Year10.85%
5 Year16.58%
10 Year90.3%
15 Year213.64%
Volatility
ATR(14)2.53
ATR(20)%1.39%
ATR Inc-0.63%
Range Today2.61
ADR(20)2.43
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.03
Mansfield0.43
10 Day High180.61
10 Day Low169.92
20 Day High180.61
20 Day Low164.23
52 Week High180.61
52 Week Low140.68
CS1 End175.91
CR1 StartN/A
Volume & EV
DER(3)1.07%
DER(5)0.3%
Volume9.03M
Volume Incr5.61%
Vol(5)9.06M
Vol(50)8.61M