JOHNSON & JOHNSON - 1H - Technical analysis published on 10/08/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 162.90 USD
My targets
152.16 USD (-4.57%)
148.73 USD (-6.72%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JOHNSON & JOHNSON as long as the price remains well below 162.90 USD. The sellers' bearish objective is set at 152.16 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 148.73 USD. In case of crossing, the next objective would be the support located at 145.26 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JOHNSON & JOHNSON rating is 159.44 USD. The price is lower by -0.06% since the last closing and was traded between 159.23 USD and 160.24 USD over the period. The price is currently at +0.13% from its lowest and -0.50% from its highest.159.23
160.24
159.44
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by JOHNSON & JOHNSON:
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 148.73 | 152.16 | 158.77 | 159.44 | 160.03 | 162.90 | 165.01 |
| Change (%) | -6.72% | -4.57% | -0.42% | - | +0.37% | +2.17% | +3.49% |
| Change | -10.71 | -7.28 | -0.67 | - | +0.59 | +3.46 | +5.57 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.24 | 158.23 | 158.88 | 159.87 | 160.52 | 161.51 | 162.16 |
| Camarilla | 159.08 | 159.23 | 159.38 | 159.53 | 159.68 | 159.83 | 159.98 |
| Woodie | 157.07 | 158.15 | 158.71 | 159.79 | 160.35 | 161.43 | 161.99 |
| Fibonacci | 158.23 | 158.86 | 159.24 | 159.87 | 160.50 | 160.88 | 161.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 154.48 | 156.62 | 158.46 | 160.60 | 162.44 | 164.58 | 166.42 |
| Camarilla | 159.20 | 159.56 | 159.93 | 160.29 | 160.66 | 161.02 | 161.39 |
| Woodie | 154.32 | 156.55 | 158.30 | 160.53 | 162.28 | 164.51 | 166.26 |
| Fibonacci | 156.62 | 158.14 | 159.08 | 160.60 | 162.12 | 163.06 | 164.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.61 | 154.81 | 158.44 | 163.64 | 167.27 | 172.47 | 176.10 |
| Camarilla | 159.63 | 160.44 | 161.25 | 162.06 | 162.87 | 163.68 | 164.49 |
| Woodie | 148.82 | 154.42 | 157.65 | 163.25 | 166.48 | 172.08 | 175.31 |
| Fibonacci | 154.81 | 158.19 | 160.27 | 163.64 | 167.02 | 169.10 | 172.47 |
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): | 39.59 | |
| MACD (12,26,9): | -0.3900 | |
| Directional Movement: | -10.72 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 159.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.73 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 160.99 | |
| Zig ZAG (10): | 159.38 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 14.90 | |
| TEMA (21): | 159.35 | |
| Williams %R (14): | -91.19 | |
| Chande Momentum Oscillator (20): | -0.77 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.34 |
| MA7: | 160.70 | |
| MA20: | 162.92 | |
| MA50: | 162.01 | |
| MA100: | 155.08 | |
| MAexp7: | 159.55 | |
| MAexp20: | 159.91 | |
| MAexp50: | 160.70 | |
| MAexp100: | 161.68 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | -1.59% | |
| Price / MA100: | +2.81% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -1.39% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on JOHNSON & JOHNSON at the time of the generation of this analysis was as follows:
- Johnson & Johnson Announces Preliminary Results of Kenvue Inc. Exchange Offer
- Thinking about trading options or stock in Meta Platforms, Rigetti Computing, Sea Ltd, Paysafe, or Johnson & Johnson?
- Johnson & Johnson Announces Final Exchange Ratio of 8.0324 in Split-Off of Kenvue Inc.
- Johnson & Johnson to Participate in the 2023 Wells Fargo Securities Healthcare Conference
- Kenvue To File Form S-4 Registration Statement in Connection with Johnson & Johnson Exchange Offer Announcement
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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