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JOHNSON & JOHNSON
JOHNSON & JOHNSON
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: JNJ
ISIN:

JOHNSON & JOHNSON - 1H - Technical analysis published on 11/05/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Bullish above 137.81 USD
My targets
144.23 USD (+2.85%)
145.79 USD (+3.96%)
My analysis
The strong short-term increase in JOHNSON & JOHNSON calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 137.81 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 144.23 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 145.79 USD as an objective. Crossing it would then enable buyers to target 147.94 USD. Caution, a return under 137.81 USD could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The JOHNSON & JOHNSON price is 140.24 USD. The price registered an increase of +0.60% on the session and was traded between 139.30 USD and 141.83 USD over the period. The price is currently at +0.67% from its lowest and -1.12% from its highest.

139.30
141.83
140.24

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of JOHNSON & JOHNSON indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 134.48 136.05 137.81 140.24 144.23 145.79 147.94
Change (%) -4.11% -2.99% -1.73% - +2.85% +3.96% +5.49%
Change -5.76 -4.19 -2.43 - +3.99 +5.55 +7.70
Level Intermediate Minor Major - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard134.05136.37137.89140.21141.73144.05145.57
Camarilla138.34138.70139.05139.40139.75140.10140.46
Woodie133.64136.17137.48140.01141.32143.85145.16
Fibonacci136.37137.84138.75140.21141.68142.59144.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.13127.39132.25138.51143.37149.63154.49
Camarilla134.05135.07136.09137.11138.13139.15140.17
Woodie120.43127.04131.55138.16142.67149.28153.79
Fibonacci127.39131.64134.26138.51142.76145.38149.63


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard109.97121.81129.46141.30148.95160.79168.44
Camarilla131.75133.54135.32137.11138.90140.68142.47
Woodie107.87120.76127.36140.25146.86159.75166.35
Fibonacci121.81129.26133.86141.30148.75153.35160.79

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.28
MACD (12,26,9): 0.4900
Directional Movement: 7.62
AROON (14): 21.43
DEMA (21): 140.37
Parabolic SAR (0,02-0,02-0,2): 142.05
Elder Ray (13): 1.01
Super Trend (3,10): 137.72
Zig ZAG (10): 141.10
VORTEX (21): 1.0400
Stochastique (14,3,5): 59.80
TEMA (21): 141.13
Williams %R (14): -33.82
Chande Momentum Oscillator (20): 2.44
Repulse (5,40,3): -0.1900
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 2.14
MA7: 138.59
MA20: 143.72
MA50: 146.47
MA100: 145.98
MAexp7: 140.44
MAexp20: 139.81
MAexp50: 140.04
MAexp100: 141.70
Price / MA7: +1.19%
Price / MA20: -2.42%
Price / MA50: -4.25%
Price / MA100: -3.93%
Price / MAexp7: -0.14%
Price / MAexp20: +0.31%
Price / MAexp50: +0.14%
Price / MAexp100: -1.03%

Quotes : 2020-11-05 16:50:20 - 15 min delayed data - NYSE Stocks

News


The last news published on JOHNSON & JOHNSON at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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