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Pharmaceuticals Industry Stocks Technical Analysis - JNJArchive
- 11/8/2024 -
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Johnson & Johnson (JNJ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ dropped -4.60 points, or -2.87%, and closed at 155.50 on Friday, November 8, 2024. It was the worst weekly loss since May 24, 2024. Weekly volume was 9% above average.
JNJ is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 Falling Channel chart pattern. The trend support level is at 137.48 and resistance is at 166.11. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See JNJ medium-term trend chart]
A medium-term downtrend had started on September 4, 2024 at 168.85 and reached 155.40 on November 8, 2024. JNJ lost 13.45 points, or 7.97%, in 9 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See JNJ short-term trend chart]
A short-term downtrend had started on October 15, 2024 at 166.75 and reached 155.40 on November 8, 2024. JNJ lost 11.35 points, or 6.81%, in 24 days. Price is near the trend low.
 Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since October 25, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
2 |
| Industry |
Pharmaceuticals |
17 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
166.00 |
| High Date |
10/23/2024 |
| Low |
155.40 |
| Low Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
166.75 |
| High Date |
10/15/2024 |
| Low |
155.40 |
| Low Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
168.85 |
| High Date |
09/04/2024 |
| Low |
155.40 |
| Low Date |
11/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
143.13 |
| Low Date |
04/18/2024 |
| High |
168.85 |
| High Date |
09/04/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
166.11 |
| Support |
137.48 |
| High |
186.69 |
| High Date |
04/25/2022 |
| Low |
143.13 |
| Low Date |
04/18/2024 |
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