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Archive
- 5/10/2024 -
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Johnson & Johnson (JNJ) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Johnson & Johnson (JNJ). During the week, the JNJ climbed 0.64 points, or 0.43%, and closed at 149.91 on Friday, May 10, 2024. Weekly volume was -42% below average.
 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 137.06 and resistance is at 169.63. 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 January 22, 2024 at 163.58 and reached 143.13 on April 18, 2024. JNJ lost 20.45 points, or 12.50%, in 12 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 138.87 and resistance is at 162.55. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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 30, 2024 at 144.53 and reached 152.33 on May 2, 2024. JNJ gained -7.80 points, or -5.40%, in 2 days. The price is now at the 31.03% retracement level.
 Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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