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Fundamental Analysis

Johnson & Johnson Sees Possible Bullish Chart Ahead of EarningsJohnson & Johnson NYSE:JNJ will report Q4 numbers next Wednesday (Jan. 22) at a time when the medical company’s stock has been under the weather, falling back some 14% since early September even as the S&P 500 gained about 7%. What does JNJ’s technical and fundamental analysis say could happen from here? Let’s look: Johnson & Johnson’s Fundamental Analysis The Street is looking for JNJ to report $2.04 in adjusted Q4 earnings per share on $22.5 billion in revenue. That would reflect about 4.9% in sales growth year over year, but also show a 10.9% drop in adjusted EPS from the $2.29 that Johnson & Johnson saw in Q4 2023. Of the 15 sell-side analysts that I know of who follow JNJ, all 15 have revised their Q4 estimates lower since the quarter began. But the company also had some interesting news this week. On Monday, Johnson & Johnson announced the acquisition of biopharma firm Intra-Cellular Therapies NASDAQ:ITCI for $14.6 billion, or a cool $132 per share in an all-cash deal. The idea is to strengthen JNJ's neurosciences portfolio. At least the firm recognizes that either you grow organically or you “buy” growth. Doing nothing isn’t usually a good solution. Intra-Cellular Therapies brings with it a drug called Caplyta, an oral treatment for schizophrenia. Caplyta generated more than $175 million in sales for Q3, up from less than $126 million in the same quarter one year earlier. ITCI isn’t a cash-flow beast by any stretch, but the firm has no debt on the balance sheet. So, JNJ is buying potential, not somebody else's financial problems. In fact, Intra-Cellular had more than $1 billion in cash on hand as of Sept. 30. Additionally, ITCI has a promising candidate (ITI-128) currently in Phase 2 testing as a potential therapy for generalized anxiety disorder and Alzheimer's-related psychosis. Johnson & Johnson’s Technical Analysis Now let’s look at Johnson & Johnson’s chart going back six months: Readers will see that the stock has been very responsive since the summer to traditional technical analysis. JNJ developed a so-called “rising wedge” from July into September, as denoted by green shading at the chart’s left. That’s historically a pattern of bearish reversal. The rising wedge ultimately culminated in a “double-top” pattern of bearish reversal, which apexed in both early and mid-September (marked with two red boxes in the above chart). Lo and behold, the stock became mired in a downward trend after that. However, JNJ has recently developed a “falling wedge,” denoted by the red box at right. That’s usually a pattern of bullish reversal. Readers will also note that Johnson & Johnson’s most recent low occurred right around the time the stock suffered a "death cross.” That’s when a stock’s 50-day Simple Moving Average (Or “SMA,” marked with a blue line) crosses below its 200-day SMA (the red line). This often causes a negative algorithmic reaction that leads to further bearish behavior. I don't know when (or if) the falling-wedge pattern’s bullishness will come to fruition, but I do know that Johnson & Johnson could definitely use a positive catalyst. Next week’s Q4 earnings could provide that, as CEO Joaquin Duato will get a chance to talk up the Intra-Cellular Therapies acquisition during the company’s earnings call. I also know that JNJ is pressuring its 21-day Exponential Moving Average (or “EMA,” marked with a green line) from below. That could put swing traders on alert. Such activity could put the 50-day SMA in play if there’s a rebound. That could serve as the stock’s upside pivot point. As for other technical indicators, Johnson & Johnson’s Relative Strength Index (the gray line at the chart’s top) looks like it’s improving. However, the stock’s daily Moving Average Convergence Divergence indicator (or “MACD”) shows that both the 12-day EMA (the black line at the chart’s bottom) and the 26-day EMA (the gold line) remain mired in negative territory. Still, the histogram of JNJ’s 9-day EMA (the blue bars at bottom) has recently found its way into positive territory. (Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle” had no position in JNJ at the time of writing this column.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. 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NYSE:JNJ
by moomoo
1
Bitcoin's (BTC/USD) price action and technical analysis1. Trendlines Green Ascending Trendline: Indicates an ongoing bullish trend, connecting higher lows and showing upward momentum. Blue Long-Term Trendline: Suggests a stronger long-term support level that aligns with the overall bullish structure. Black Descending Trendline: Marks a resistance zone from a previous downtrend, now broken, signaling a potential trend reversal. 2. Key Price Levels Pink Horizontal Zone (Resistance Turned Support): Highlights a critical area around $102,000 to $104,000. This area acted as resistance but was broken and may now serve as support. Current Price: The BTC/USD pair is trading around $105,000, showing strong bullish momentum. 3. Price Projection Blue Arrows: Indicate a potential bullish continuation pattern, where the price could consolidate around the broken resistance ($102,000-$104,000) before making another upward move toward $110,000 or higher. Consolidation Zones: Suggest minor corrections or pullbacks before the next upward push. 4. Market Sentiment The break of the descending trendline and the successful retest of support levels signal a bullish outlook. The chart suggests confidence in higher highs, with a steady uptrend intact.
COINBASE:BTCUSD
by hesham07
BTC Short Squeeze! be very careful....it's fakeBTC has past the resistance line, but having seeing many short squeezes this look very suspicious. No smart investor constantly buys at the top esp. with the level of volatility that BTC has! This is 99% a short squeeze and some of the buzz around cryto czar, but it's all temporary and have noticed drops over the weekend! Don't place bets on this as you could get wiped out at 3am..... Be very careful.....BTCZ looks like it could jump the second BTC drops like a hammer! Safe trading and all the best!
Short
by antonini2002
MES!/ES1! Day Trade Plan for 01/17/25MES!/ES1! Day Trade Plan for 01/17/25 📈 6047.25 (NEXT LEVELS: 6066, 6075.5, 6084.75) 📉 5969.75 (CLOSER LEVELS: 6018, 6008.5, 6000) 1/2 way mark 📈 6027.75 & 📉 5989.25 Like and share for more daily ES/NQ levels 🤓📈📉💰 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
CME_MINI:ES1!Long
by J3Trad3s
Trump’s Inauguration: What Lies Ahead?Capping a decisively sweeping victory on 5 November 2024 in what many called a ‘historic comeback’, Republican Donald Trump will be inaugurated as the 47th president of the United States (US) on Monday at 5:00 pm GMT (midday EST). This marks his second run for the highest office. The ceremony is set to take place at the Capitol building. Supreme Court Chief Justice John Roberts is expected to oversee Trump's oath of office, followed by an inaugural address that the incoming President himself has said will be a message about ‘unity’ – very different from his 2017 speech that portrayed the country as ‘American carnage’. Outgoing president Democrat Joe Biden has said he will attend the ceremony, a courtesy not extended by Trump for the former’s inauguration four years ago. Additionally, and in a break from tradition, world leaders have been invited to the ceremony for the first time, including China's President Xi Jinping. Although he will not be attending, Vice President Han Zheng will do so in his place. In addition to world leaders, several influential figures are expected to attend. Elon Musk confirmed his attendance – who, alongside Vivek Ramaswamy, was recently nominated to head up the Department of Government Efficiency (DOGE). We can also expect Jeff Bezos, Mark Zuckerberg, and Sam Altman, CEO of OpenAI, to be present. What Can We Expect from Trump? Trump has assured the world of a hard-hitting approach towards illegal immigration, which is anticipated to include plans for the mass deportation of undocumented migrants. He stated he ‘will launch the largest deportation program in American history to get the criminals out’. Trade tariffs are another key policy that the global economy can expect, as he is anticipated to increase the protectionist policies his administration introduced in the first term. About a year ago, Trump noted that ‘except for day 1’, he would not be a ‘Dictator’; this, as you would expect, sparked outrage from critics. However, if we know anything about Trump, he has a long – some would say ‘colourful’ – history of making incendiary statements that trigger both support and anger as well as generate a torrent of headlines. Undoubtedly, the first 24 to 48 hours of the Trump administration will be eventful and likely elevate volatility across key asset classes, such as Currencies, Bonds, Stocks, and Commodities. The new government is expected to sign over 100 executive orders on day one. Although not usually as many orders, this is a regular practice for incoming Presidents as part of the transition process. I expect Trump to make a statement on his first day in office that may make ‘a few heads spin’. We will likely observe executive orders directed at a crackdown on the US-Mexico border, along with orders focussing on issues such as energy, trade, and actions affecting Federal workers. Additionally, he is expected to roll back any executive orders initiated by the Biden administration that have not yet been finalised. Markets Ahead of Trump’s Inauguration I do not expect to see much price action ahead of Trump’s big day; however, technically speaking, US dollar (USD) bulls remain in control. According to the US Dollar Index, the USD is on track to finish the week moderately lower, snapping a six-week winning streak. The Team and I have been banging the drum about monthly resistance on the US Dollar Index at 109.33 for a while now. This level entered the fray following a three-month rally just north of the 50-month simple moving average (SMA), currently trading at 101.12. With the Relative Strength Index progressing above the 50.00 centreline (positive momentum), this could eventually nudge the USD beyond current resistance towards the 2022 high of 114.78. As seen from the daily chart of the US Dollar Index, the 200- and 50-day SMAs (at 104.68 and 107.32, respectively) are pointing to the upside; you will also note that price action is comfortable north of both dynamic values and that a Golden Cross (50-day SMA crossing above the 200-day SMA) developed in late 2024 – all of which are considered bullish indications. Current price action is shaking hands with resistance at 109.29 (Quasimodo resistance), and sellers have displayed limited enthusiasm as of writing. Absorbing willing offers here pave the way towards another layer of neighbouring resistance at 110.78 (another Quasimodo resistance), followed by the 2022 pinnacle at 114.78, as mentioned above.
TVC:DXYLong
by FPMarkets
BTC get's weak as Altcoins gain strength.BTC has been losing strength against altcoins since its peak in 2021. Part of the reason for this is the influx of new coins into the market. However, as we know, many of these coins are essentially useless and don't take much market share from the strong projects. Regardless, the altcoin market has been showing tremendous strength against BTC for the past three-plus years. With ETF filings, banks getting involved, and a pro-BTC administration actively supporting and purchasing altcoins, this chart suggests that we could be on the brink of one massive altcoin season.
CRYPTOCAP:ETH.DLong
by ITRADE13
Bitcoin Breaks $100,000 Once AgainIn a context of volatility, Bitcoin has staged a remarkable rally, breaking past the $100,000 barrier once again, generating renewed optimism in the cryptocurrency market. This bullish momentum, with a weekly growth exceeding 8%, is supported by a confluence of factors ranging from political developments to macroeconomic trends. One of the key drivers of this rally is the imminent inauguration of President Trump, scheduled for January 20. His well-known favorable stance toward digital assets has sparked expectations of pro-crypto policies, including the possibility, according to reports, of an official declaration of Bitcoin as a reserve. This speculation has resonated with investors, boosting demand and Bitcoin's price. The potential designation of Bitcoin as an official reserve by President Trump could represent a watershed moment for legitimizing digital assets globally. Institutional capital flows also play a critical role. Significant inflows into Bitcoin ETFs were recorded yesterday, totaling USD 626 million, signaling a growing interest from institutional investors in this asset. These capital inflows strengthen the bullish outlook and validate the increasing adoption of Bitcoin as a legitimate asset class. From a macroeconomic perspective, recent U.S. economic data, which indicate a relative easing of inflationary pressures, have fueled expectations of a less restrictive Federal Reserve. The Fed is expected to hold current interest rates in the short term, with potential signs of a more accommodative monetary policy in the second half of 2025. This macroeconomic environment favors non-yielding assets like Bitcoin by reducing the opportunity cost of holding them. The prospect of a less restrictive Fed in 2025 creates a favorable environment for assets like Bitcoin, which benefit from lower interest rates, alongside a reduced cost of capital supporting risk-associated assets. Additionally, the expiration of Bitcoin options contracts, valued at USD 2.2 billion, with open interest concentrated at the strike price of USD 120,000, reinforces optimistic expectations for the short and medium term. In summary, the current Bitcoin rally is supported by a combination of political, institutional, macroeconomic, and technical factors. While risks remain, particularly if political expectations do not materialize, the overall outlook points to a strengthening of Bitcoin’s price in the short and medium term. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:BTCUSD
by Pepperstone
MNQ!/NQ1! Day Trade Plan for 01/17/25MNQ!/NQ1! Day Trade Plan for 01/17/25 📈 21588.5 (NEXT LEVELS: 21683, 21778, 21873,21940) 📉 21210 (CLOSER LEVELS: 21560, 21495, 21400) 1/2 way mark 📈 21495 & 📉 21400 Like and share for more daily ES/NQ levels 🤓📈📉💰 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
CME_MINI:NQ1!Long
by J3Trad3s
1