JOHNSON & JOHNSON (JNJ) Stock Technical Analysis
NYSE:JNJ - US4781601046 - Common Stock
175.79 USD
-1.17 (-0.66%)
175.79 USD
0 (0%)
We assign a technical rating of 8 out of 10 to JNJ. 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.
The long and short term trends are both positive. This is looking good!
JNJ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JNJ is lagging the market slightly.
JNJ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
JNJ has an average volume of 8280570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, JNJ turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
JNJ is an average performer in the Pharmaceuticals industry, it outperforms 59% of 195 stocks in the same industry.
In the last month JNJ has a been trading in a tight range between 171.81 and 181.16.
Besides having an excellent technical rating, JNJ also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 176.95, a Stop Loss order could be placed below this zone.
More info and screens
144.14
181.09
When analyzing the support we can see 3 important areas.
- Support @175.44 from a horizontal line in the daily time frame.
- A support zone ranging from 148.69 to 155.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @145.60 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 176.95 to 179.30. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 63.36 | NEUTRAL | JNJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JNJ is below 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) | 58.48 | NEUTRAL | The RSI value for JNJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests JNJ has a negative trend. |
| Stochastics (14,3) | 50.46 | NEUTRAL | The Stochastics value for JNJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for JNJ suggests low volalility. |
| Average Directional Index/ADX (14) | 35.89 | 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)
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 |
|---|---|---|---|
| 177.46 | 175.43 | 2.03 (1.14%) | 25.00% |
| An entry @177.46. This is a Buy Stop order right above the 10 day moving average. | An exit @175.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.03 points, which is 1.14%. | For a 0.29% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of JNJ. Please evaluate whether better entry and exit points can be found.
- 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.
175.79
-1.17 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.66%
1 Week-0.62%
2 Weeks-0.81%
1 Month1.81%
3 Month12.64%
6 Month8.69%
12 Month6.91%
2 Year13.62%
3 Year8.33%
5 Year18.86%
10 Year89.57%
15 Year185.6%
Volatility
ATR(14)2.27
ATR(20)%1.29%
ATR Inc6.78%
Range Today2.27
ADR(20)2.17
ADR(20)%1.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.36
Mansfield0.18
10 Day High179.51
10 Day Low174.63
20 Day High181.16
20 Day Low171.81
52 Week High181.16
52 Week Low140.68
CS1 End176.95
CR1 Start177.13
Volume & EV
DER(3)0.93%
DER(5)0.93%
Volume6.81M
Volume Incr-17.77%
Vol(5)6.68M
Vol(50)8.28M