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Archive
- 11/8/2024 -
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Johnson Controls Inc (JCI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Johnson Controls Inc (JCI). During the week, the JCI gained 9.12 points, or 12.08%, and closed at 84.62 on Friday, November 8, 2024. Weekly volume was 21% above average.
JCI is a member of Industrials Sector. Industrials is the most overbought 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 JCI long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 48.82 and reached 84.79 on November 8, 2024. JCI gained -35.97 points, or -73.68%, in 110 weeks. Price is near the trend high.
 Medium-term trend: [See JCI medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 64.31 and reached 84.79 on November 8, 2024. JCI gained -20.48 points, or -31.85%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (85.47). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See JCI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 weekly MACD line is above its signal line since September 20, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See JCI short-term trend chart]
A short-term uptrend had started on November 4, 2024 at 73.81 and reached 84.79 on November 8, 2024. JCI gained -10.98 points, or -14.88%, in 4 days. Price is near the trend high.
 Daily Technical Indicators: [See JCI daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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