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Pharmaceuticals Industry Stocks Technical Analysis - JNJArchive
- 8/30/2024 -
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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 a second consecutive positive week for the Johnson & Johnson (JNJ). During the week, the JNJ gained 1.73 points, or 1.05%, and closed at 165.86 on Friday, August 30, 2024. Weekly volume was -18% below average.
JNJ is a member of Health Care Sector. Health Care is the second 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 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 price is near the trend resistance line (167.66). 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 uptrend had started on April 18, 2024 at 143.13 and reached 165.97 on August 30, 2024. JNJ gained -22.84 points, or -15.96%, in 19 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See JNJ 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 July 12, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 13, 2024 at 156.44 and reached 165.97 on August 30, 2024. JNJ gained -9.53 points, or -6.09%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See JNJ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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| 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 |
8 |
| Industry |
Pharmaceuticals |
63 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
162.16 |
| Low Date |
08/27/2024 |
| High |
165.97 |
| High Date |
08/30/2024 |
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| Weekly 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 |
156.44 |
| Low Date |
08/13/2024 |
| High |
165.97 |
| High Date |
08/30/2024 |
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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 |
143.71 |
| Low Date |
05/29/2024 |
| High |
165.97 |
| High Date |
08/30/2024 |
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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 |
165.97 |
| High Date |
08/30/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Test Resistance |
| Resistance |
167.66 |
| Support |
139.03 |
| High |
186.69 |
| High Date |
04/25/2022 |
| Low |
143.13 |
| Low Date |
04/18/2024 |
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