JNJ Technical Analysis - JOHNSON & JOHNSON

Technical Rating and Analysis

Overall JNJ gets a technical rating of 8 out of 10. 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 173.33 - 185.99 range, which is quite wide. It is currently trading near the high of this range.

JNJ has an average volume of 8428830 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 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

JNJ is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, JNJ did better than 63% of them.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

JOHNSON & JOHNSON / JNJ Weekly stock chart

JOHNSON & JOHNSON / JNJ Daily stock chart

Setup Rating and Analysis

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

144.68

187.72

When analyzing the support we can see 3 important areas.

A support zone ranging from 174.15 to 177.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 151.17 to 154.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @146.14 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	79.15	POSITIVE	JNJ has a high relative strength, it outperformed 79.15% 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)	71.02	OVERBOUGHT	The high RSI value suggests JNJ may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.5	POSITIVE	The MACD value suggests JNJ has a positive trend.
Stochastics (14,3)	96.53	OVERBOUGHT	The high Stochastics value suggests JNJ may be overbought.
Average True Range in percent/ATR (20)	1.36	LOW VOLATILITY	The low ATR as a percentage value for JNJ suggests low volalility.
Average Directional Index/ADX (14)	22.55	NEUTRAL	The ADX value for JNJ suggests a possible start of a new trend.