JOHNSON & JOHNSON (JNJ) Technical Analysis
NYSE:JNJ • US4781601046
Taking everything into account, JNJ scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that JNJ is one of the better performing stocks in the market, outperforming 87% of all 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 74% of 193 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 235.43 - 251.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- JNJ has an average volume of 8798570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
JNJ has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 242.21, a Stop Loss order could be placed below this zone.
More info and screens
144.68
4 important support areas can be observed.
- A support zone ranging from 239.62 to 242.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 219.67 to 220.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @162.56 from a trend line in the weekly time frame.
- Support @146.14 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 244.05 to 248.57. 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 | 87.64 | POSITIVE | JNJ has a high relative strength, it outperformed 87.64% off all stocks 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) | 58.41 | NEUTRAL | The RSI value for JNJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.48 | NEGATIVE | The MACD value suggests JNJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.79 | NEUTRAL | The Stochastics value for JNJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for JNJ suggests low volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for JNJ suggests a strong 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 |
|---|---|---|---|
| 248.58 | 239.61 | 8.97 (3.61%) | 25.00% |
| An entry @248.58. This is a Buy Stop order right above the resistance zone. | An exit @239.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.97 points, which is 3.61%. | For a 0.90% 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.
JNJ Technicals: Chart, Performance Metrics, Trend & Indicators
243.71
+1.12 (+0.46%)
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 58.4075. This indicates that the stock is currently neutral.
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.