The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 6/12/2026 -
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Johnson & Johnson (JNJ) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
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It was a second consecutive positive week for the Johnson & Johnson (JNJ). During the week, the JNJ gained 8.10 points, or 3.48%, and closed at 240.87 on Friday, June 12, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was -10% below average.

Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on January 10, 2025 at 140.70 and reached 251.71 on March 2, 2026. JNJ gained -111.01 points, or -78.90%, in 59 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 145.37 and resistance is at 275.34. A Broadening Ascending 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 141.50 and reached 251.71 on March 2, 2026. JNJ gained -110.21 points, or -77.89%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 233.85 and resistance is at 252.99. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 2, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. 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 June 1, 2026 at 220.84 and reached 241.60 on June 11, 2026. JNJ gained -20.76 points, or -9.40%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 daily MACD line is above its signal line since June 4, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.84
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 88.61
Overbought
Greed/Fear Indicator (GFI) 80.25
Overbought
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.32
Williams' Percentage Range (W%R) 28.40
Lane's Stochastic (%D-Slow) 36.89
Greed/Fear Indicator (GFI) 53.31
Moving Average Converg./Diverg. (MACD) 9.49
Trading Signals
Description Value Chart
Yearly Trendline Resistance 275.34
Quarterly Trendline Resistance 252.99
Upper Bollinger Band 241.92
Price 240.87
Daily Stochastic Crossing 239.85
Monthly Trendline Resistance 237.62
Quarterly Trendline Support 233.85
Parabolic System 231.64
50 Day Moving Average 230.97
20 Day Moving Average 230.80
Weekly Stochastic Crossing 229.13
Lower Bollinger Band 221.76
Monthly Trendline Support 212.10
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Pharmaceuticals 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 220.84
Low Date 06/01/2026
High 241.60
High Date 06/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 220.37
Low Date 05/11/2026
High 241.60
High Date 06/11/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 237.62
Support 212.10
High 251.71
High Date 03/02/2026
Low 220.37
Low Date 05/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 252.99
Support 233.85
Low 141.50
Low Date 04/09/2025
High 251.71
High Date 03/02/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 275.34
Support 145.37
Low 140.70
Low Date 01/10/2025
High 251.71
High Date 03/02/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.