JOHNSON & JOHNSON - Daily - Technical analysis published on 06/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 139.79 USD
My targets
142.43 USD (+1.59%)
145.62 USD (+3.87%)
My analysis
JOHNSON & JOHNSON is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 139.79 USD. The next resistance located at 142.43 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 145.62 USD. After this resistance, buyers could then target 148.08 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JOHNSON & JOHNSON price is 140.20 USD. The price has increased by +0.55% since the last closing and was traded between 139.79 USD and 140.56 USD over the period. The price is currently at +0.29% from its lowest and -0.26% from its highest.139.79
140.56
140.20
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by JOHNSON & JOHNSON:
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 strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 131.15 | 135.07 | 139.79 | 140.20 | 142.43 | 145.62 | 148.08 |
| Change (%) | -6.46% | -3.66% | -0.29% | - | +1.59% | +3.87% | +5.62% |
| Change | -9.05 | -5.13 | -0.41 | - | +2.23 | +5.42 | +7.88 |
| Level | Intermediate | Major | Major | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.99 | 138.60 | 139.02 | 139.63 | 140.05 | 140.66 | 141.08 |
| Camarilla | 139.16 | 139.25 | 139.35 | 139.44 | 139.53 | 139.63 | 139.72 |
| Woodie | 137.90 | 138.55 | 138.93 | 139.58 | 139.96 | 140.61 | 140.99 |
| Fibonacci | 138.60 | 138.99 | 139.24 | 139.63 | 140.02 | 140.27 | 140.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.18 | 134.89 | 137.49 | 140.20 | 142.80 | 145.51 | 148.11 |
| Camarilla | 138.63 | 139.12 | 139.60 | 140.09 | 140.58 | 141.06 | 141.55 |
| Woodie | 132.12 | 134.86 | 137.43 | 140.17 | 142.74 | 145.48 | 148.05 |
| Fibonacci | 134.89 | 136.92 | 138.17 | 140.20 | 142.23 | 143.48 | 145.51 |
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): | 58.95 | |
| MACD (12,26,9): | 0.9000 | |
| Directional Movement: | 6.94 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 138.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.38 | |
| Elder Ray (13): | 1.61 | |
| Super Trend (3,10): | 134.39 | |
| Zig ZAG (10): | 140.25 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 78.81 | |
| TEMA (21): | 139.82 | |
| Williams %R (14): | -19.92 | |
| Chande Momentum Oscillator (20): | 9.11 | |
| Repulse (5,40,3): | -0.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 6.84 |
| MA7: | 140.14 | |
| MA20: | 137.01 | |
| MA50: | 137.40 | |
| MA100: | 136.06 | |
| MAexp7: | 139.53 | |
| MAexp20: | 138.02 | |
| MAexp50: | 137.26 | |
| MAexp100: | 136.27 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +2.33% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +3.04% | |
| Price / MAexp7: | +0.48% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +2.14% | |
| Price / MAexp100: | +2.88% |
News
The last news published on JOHNSON & JOHNSON at the time of the generation of this analysis was as follows:
- Johnson & Johnson Releases 2018 Health for Humanity Report
- Johnson & Johnson to Participate in Bernstein's 35th Annual Strategic Decisions Conference
- Johnson & Johnson Outlines Strategy to Deliver Above-Market Growth at 2019 Pharmaceutical Business Review
- MediPharm Labs Appoints Former Johnson & Johnson Group Product Director as Chief Strategy Officer
- Johnson & Johnson Announces Dividend Increase of 5.6%
This member declared not having a position on this financial instrument or a related financial instrument.
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