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Uptrend Broken Support

Uptrend Broken Support 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. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend 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 support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

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- 3/6/2026 -
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Johnson & Johnson (JNJ) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is strongly overboughtStochastic has declined below the signal lineRelative Strength Index bearish divergenceBroken trend resistance lineBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Johnson & Johnson (JNJ). During the week, the JNJ dropped -8.03 points, or -3.23%, and closed at 240.40 on Friday, March 6, 2026. Weekly volume was -15% below average.

Long-term trend: [See JNJ long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 141.50 and reached 251.71 on March 2, 2026. JNJ gained -110.21 points, or -77.89%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (210.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See JNJ medium-term trend chart]
A medium-term uptrend had started on January 5, 2026 at 200.91 and reached 251.71 on March 2, 2026. JNJ gained -50.80 points, or -25.28%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (251.50) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. JNJ may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See JNJ weekly technical indicators chart]
Weekly Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Relative Strength Index help.

The weekly MACD line is above its signal line since July 11, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 2, 2026 at 251.71 and reached 235.43 on March 6, 2026. JNJ lost 16.28 points, or 6.47%, in 4 days. The price is now at the 30.53% retracement level.

Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since February 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.83
Williams' Percentage Range (W%R) 83.50
Oversold
Lane's Stochastic (%D-Slow) 45.39
Greed/Fear Indicator (GFI) 35.57
Moving Average Converg./Diverg. (MACD) 5.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.37
Bearish
Williams' Percentage Range (W%R) 20.30
Lane's Stochastic (%D-Slow) 93.50
Strong Overbought
Greed/Fear Indicator (GFI) 79.84
Moving Average Converg./Diverg. (MACD) 14.22
Trading Signals
Description Value Chart
Monthly Trendline Support 251.50
Parabolic System 251.30
Weekly Stochastic Crossing 248.42
Monthly Trendline Resistance 248.33
Upper Bollinger Band 247.09
20 Day Moving Average 243.67
Daily Stochastic Crossing 241.72
Price 240.40
Lower Bollinger Band 234.79
50 Day Moving Average 227.39
Quarterly Trendline Resistance 224.08
Quarterly Trendline Support 210.39
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Pharmaceuticals 66
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 251.71
High Date 03/02/2026
Low 235.43
Low Date 03/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 251.71
High Date 03/02/2026
Low 235.43
Low Date 03/06/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 248.33
Support 251.50
Low 200.91
Low Date 01/05/2026
High 251.71
High Date 03/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 224.08
Support 210.39
Low 141.50
Low Date 04/09/2025
High 251.71
High Date 03/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 140.70
Low Date 01/10/2025
High 251.71
High Date 03/02/2026
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.