JOHNSON & JOHNSON (JNJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JNJ - US4781601046 - Common Stock
Taking everything into account, JNJ scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, JNJ 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 200.50, a Stop Loss order could be placed below this zone.
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144.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 197.66 to 200.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 185.99 to 186.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.86 from a trend line in the weekly time frame.
- Support @146.14 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 206.65 to 214.18. 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 | NEUTRAL | NEUTRAL | The short term trend for JNJ is neutral. |
| ChartMill Relative Strength | 88.16 | POSITIVE | JNJ has a high relative strength, it outperformed 88.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JNJ is below a declining 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) | 53.37 | NEUTRAL | The RSI value for JNJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests JNJ has a negative trend. |
| Stochastics (14,3) | 43.1 | NEUTRAL | The Stochastics value for JNJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for JNJ suggests low volalility. |
| Average Directional Index/ADX (14) | 34.25 | 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 |
|---|---|---|---|
| 208.98 | 200.17 | 8.81 (4.22%) | 23.72% |
| An entry @208.98. This is a Buy Stop order right above the 10 day moving average. | An exit @200.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.81 points, which is 4.22%. | For a 1.00% total portfolio risk, you can invest 23.72% 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.
205.78
-1.54 (-0.74%)
JOHNSON & JOHNSON / JNJ FAQ
Can you provide the ChartMill technical rating for JOHNSON & JOHNSON?
ChartMill assigns a technical rating of 9 / 10 to JNJ.
What is the trend direction for 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 53.3661. This indicates that the stock is currently neutral.
What is the short term momentum for JOHNSON & JOHNSON (JNJ) stock?
The short term momentum for JOHNSON & JOHNSON (JNJ) is neutral.