The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 3/21/2025 -
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Johnson & Johnson (JNJ) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineTrend resistance at 164.76
Daily :
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It was a first positive week for the Johnson & Johnson (JNJ). During the week, the JNJ climbed 0.80 points, or 0.49%, and closed at 163.60 on Friday, March 21, 2025. Weekly volume was 22% 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 140.70 on January 10, 2025. JNJ lost 45.99 points, or 24.63%, in 141 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (164.76). 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 long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term downtrend had started on March 4, 2025 at 170.00 and reached 161.10 on March 14, 2025. JNJ lost 8.90 points, or 5.24%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (162.10) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 7, 2025. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See JNJ short-term trend chart]
A short-term uptrend had started on March 20, 2025 at 161.90 and reached 164.00 on March 21, 2025. JNJ gained -2.10 points, or -1.30%, in 1 days. The price is now at the 19.05% retracement level.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 10, 2025. The distance between MACD and the signal line is relatively high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.09
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 27.84
Greed/Fear Indicator (GFI) 28.43
Moving Average Converg./Diverg. (MACD) 2.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.01
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 86.06
Overbought
Greed/Fear Indicator (GFI) 74.63
Moving Average Converg./Diverg. (MACD) -0.22
Trading Signals
Description Value Chart
Parabolic System 166.33
Weekly Stochastic Crossing 166.33
Upper Bollinger Band 165.86
Yearly Trendline Resistance 164.76
20 Day Moving Average 164.48
Price 163.60
Monthly Trendline Resistance 163.37
Daily Stochastic Crossing 162.24
Monthly Trendline Support 162.10
Lower Bollinger Band 159.52
50 Day Moving Average 156.61
Yearly Trendline Support 140.06
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Pharmaceuticals 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 161.90
Low Date 03/20/2025
High 164.00
High Date 03/21/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.90
Low Date 03/20/2025
High 164.00
High Date 03/21/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 163.37
Support 162.10
High 170.00
High Date 03/04/2025
Low 161.10
Low Date 03/14/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 140.70
Low Date 01/10/2025
High 170.00
High Date 03/04/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 164.76
Support 140.06
High 186.69
High Date 04/25/2022
Low 140.70
Low Date 01/10/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.