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Advanced TA SearchArchive
- 4/26/2024 -
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Johnson & Johnson (JNJ) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ dropped -1.77 points, or -1.20%, and closed at 146.14 on Friday, April 26, 2024. Weekly volume was -17% below average.
JNJ is a member of Health Care Sector. Health Care is the second 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 downtrend had started on April 25, 2022 at 186.69 and reached 143.13 on April 18, 2024. JNJ lost 43.56 points, or 23.33%, in 103 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 137.58 and resistance is at 169.96. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
Medium-term trend: [See JNJ medium-term trend chart]
A medium-term downtrend had started on March 12, 2024 at 163.11 and reached 143.13 on April 18, 2024. JNJ lost 19.98 points, or 12.25%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 138.77 and resistance is at 152.52. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. 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 April 18, 2024 at 143.13 and reached 150.49 on April 23, 2024. JNJ gained -7.36 points, or -5.14%, in 5 days. The price is now at the 59.10% 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.
A Parabolic SAR (stop and reversal) indicator (145.31) comes close to the price (146.14). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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