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Advanced TA SearchArchive
- 4/19/2024 -
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Johnson & Johnson (JNJ) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Johnson & Johnson (JNJ). During the week, the JNJ climbed 0.39 points, or 0.26%, and closed at 147.91 on Friday, April 19, 2024. JNJ was trading at average weekly trading volume.
 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 137.85 and resistance is at 170.13. 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 142.40 and resistance is at 154.18. 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 148.13 on April 19, 2024. JNJ gained -5.00 points, or -3.49%, in 1 days. Price is near the trend high.
 Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 2, 2024.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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