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 - Daily - Technical analysis published on 05/18/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Bearish under 181.54 USD
My targets
172.83 USD (-2.29%)
163.60 USD (-7.51%)
My analysis
The strong short-term decline in JOHNSON & JOHNSON calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 181.54 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 172.83 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 163.60 USD as an objective. Crossing it would then enable sellers to target 158.30 USD. Be careful, a return to above 181.54 USD could jeopardize the reversal.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.1

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

JOHNSON & JOHNSON rating 176.88 USD. The price registered a decrease of -1.09% on the session and was traded between 176.69 USD and 179.37 USD over the period. The price is currently at +0.11% from its lowest and -1.39% from its highest.

176.69
179.37
176.88

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of JOHNSON & JOHNSON indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 163.60 172.83 176.12 176.88 181.54 186.01
Change (%) -7.51% -2.29% -0.43% - +2.63% +5.16%
Change -13.28 -4.05 -0.76 - +4.66 +9.13
Level Intermediate Intermediate Major - Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard173.93175.26177.04178.37180.15181.48183.26
Camarilla177.97178.25178.54178.82179.11179.39179.68
Woodie174.16175.37177.27178.48180.38181.59183.49
Fibonacci175.26176.45177.18178.37179.56180.29181.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.98172.28174.57176.87179.16181.46183.75
Camarilla175.59176.01176.43176.85177.27177.69178.11
Woodie169.97172.28174.56176.87179.15181.46183.74
Fibonacci172.28174.04175.12176.87178.63179.71181.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard163.92169.72175.09180.89186.26192.06197.43
Camarilla177.39178.41179.44180.46181.48182.51183.53
Woodie163.71169.61174.88180.78186.05191.95197.22
Fibonacci169.72173.99176.62180.89185.16187.79192.06

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.89
MACD (12,26,9): -0.4200
Directional Movement: -0.68
AROON (14): -50.00
DEMA (21): 178.25
Parabolic SAR (0,02-0,02-0,2): 180.41
Elder Ray (13): -0.05
Super Trend (3,10): 175.70
Zig ZAG (10): 176.76
VORTEX (21): 0.9200
Stochastique (14,3,5): 34.87
TEMA (21): 176.70
Williams %R (14): -72.08
Chande Momentum Oscillator (20): -1.82
Repulse (5,40,3): -1.0400
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 5.31
MA7: 177.39
MA20: 179.55
MA50: 178.13
MA100: 172.98
MAexp7: 177.65
MAexp20: 178.48
MAexp50: 177.12
MAexp100: 173.94
Price / MA7: -0.29%
Price / MA20: -1.49%
Price / MA50: -0.70%
Price / MA100: +2.25%
Price / MAexp7: -0.43%
Price / MAexp20: -0.90%
Price / MAexp50: -0.14%
Price / MAexp100: +1.69%

Quotes : - 15 min delayed data - NYSE Stocks

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

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