Johnson & Johnson
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|It was a third positive week after 4 consecutive negative weeks for the Johnson & Johnson (JNJ). During the week, the JNJ climbed 0.61 points, or 0.44%, and closed at 140.59 on Friday, December 08, 2017. JNJ was trading at average weekly trading volume. |
JNJ is a member of Healthcare Sector. Healthcare is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 46.25 and reached 144.35 on October 23, 2017. JNJ gained -98.10 points, or -212.11%, in 450 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (138.54). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on September 29, 2017 at 129.05 and reached 144.35 on October 23, 2017. JNJ gained -15.30 points, or -11.86%, in 3 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 13, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See JNJ short-term trend chart]
A short-term uptrend had started on November 22, 2017 at 136.60 and reached 141.96 on December 6, 2017. JNJ gained -5.36 points, or -3.92%, in 14 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.