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Downtrend ExhaustionArchive
- 12/20/2024 -
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Johnson & Johnson (JNJ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ dropped -2.10 points, or -1.43%, and closed at 144.50 on Friday, December 20, 2024. Weekly volume was 64% above average.
 Long-term trend: [See JNJ long-term trend chart]
A long-term downtrend had started on April 25, 2022 at 186.69 and reached 142.80 on December 20, 2024. JNJ lost 43.89 points, or 23.51%, in 138 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 137.53 and resistance is at 166.79. 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 142.80 on December 20, 2024. JNJ lost 26.05 points, or 15.43%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (144.22) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 22, 2024 at 157.10 and reached 142.80 on December 20, 2024. JNJ lost 14.30 points, or 9.10%, in 28 days. The price is now at the 11.89% retracement level.
Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 3, 2024. This is an indication that the short-term trend is down.
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