JNJ Trade ideaJNJ is forming a bearish flag pattern and a short trade can be planned on the breakout of the pole.
JNJ trade ideas
Waiting for a pullback and reaction at the support levelAfter the price bounced off the resistance level, we wait for a return to the support level. We expect a reaction at the support level in the form of a candlestick pattern or a technical analysis formation, such as a wedge or triangle. When an opportunity arises, we take a long position. We set the stop loss below the support, and the take profit at the next resistance
Johnson & Johnson breaking down?Johnson & Johnson broke below a decade-old trendline after recording the highest sell-off volume in its history and remained suppressed below the 50-month Moving Average. Technical resistance will be at play and the probability of breaking higher is pretty low unless some fundamental forces come into play.
The entry price is a bit pessimistic but such a huge sell volume on a three-month price decline can suppress the price. Plus a Bearish stochRSI divergence and an expected decline in earnings. Maybe we will see a gradual decline in the stock price.
Worth monitoring.
JNJ VERTICAL PUTI think technically its overbought but still can go up so I'm going to do vertical put strategy for it in order to close short put in upper line of stop loss and take profit further in correction
JNJ - Macro View 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 JNJ has exhibited an overall bullish trend, trading within the ascending wedge pattern outlined in blue. It is presently nearing the lower boundary/blue trendline.
At present, JNJ is undergoing a correction phase and is trading within the descending red channel. It is currently approaching the lower limit and a highlighted demand zone in green.
🏹 Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue and red trendlines acting as a non-horizontal support.
📚 As per my trading style:
As JNJ approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
H&S Pattern on JNJ Neckline of H&S pattern was broken.
JNJ formed a 1-2-3-4-5 Motive Wave after the neckline was broken. Corrective Wave being formed now. A wave is over. B wave to form this week. C wave may go up to the upper resistance level. Thereafter, JNJ to begin a long downtrend.
Johnson and Johnson: Can you catch a falling knife?NYSE:JNJ is not an exception to the falling share prices due to the macro-economic environment. Despite this company’s Q3 results beating the wall street estimates, the stock price keeps falling. We are expecting a rebound soon as confirmed by the Nedium indicator.
This trade is quite aggressive now but the conservative traders can wait for price action to show a low forming because we believe the price can fall lower before the bull run and that's why we have a wide stop loss.
Trade Set up
Entry price: 145.60
Target price: 183.69
Stop loss price: 127.36
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Bearish on JNJ.
I was bullish on JNJ until I saw this today. We have broken through a long time support. With a strong Heikin Ashi candlestick. I am waiting to see if there is substantial volume at the close and then I would enter some maybe week out puts. The green line would be my profit target for JNJ. #jnj #puts
Bullish trend swing trade.
As you can see here on the daily time frame, we have respected this level on the weekly time frame support level. I am watching to buy at the close of a strong green heikin ashi candle stick bounce off of this zone with high volume. Keep your charts simple! As always, thank you for watching and reading my analysis.
JNJ might see a retrace to the upside. - The price reached support, plus VAL
- It has a green buy signal
- Bullish div on the RSI and Momentum wave
JNJ Bias downside if 2nd support break21st Oct 2023,
Break below long term ascending support, went lower to touch $150 (Another support) level before rebound.
Watchout, break below $150 again, will send JNJ lower.
$JNJ - almost time to enterLooking at the chart dating back 5 years for NYSE:JNJ , there is a decent entry point around $150. Looking for a slight drop in current price to enter. Entry point will follow along the 5 year trend line with a support level as well.
FlagI am not sure but I think JNJ had earnings earlier today.
Looks like a flag may have formed that is neutral until broken.
Short interest is less than 1%.
Long tailed spinning top today.
No recommendation
JNJ earnings JNJ is possible to test the high of August.
After tested, it is probable to sale on top.
JOHNSON & JOHNSON Double buy entry.JNJ touched Support (1) at 153.20, a level holding since June 1st.
Along with Support (2) at 150.10 are the major buy levels for the long term.
The medium term Resistance is the MA200 (1d).
Trading Plan:
1. Buy on the current market price.
2. If Support (1) breaks, buy on Support (2).
Targets:
1. 162.00 (expected contact point with the MA200 (1d)).
2. 161.00 (expected contact point with the MA200 (1d)).
Tips:
1. The RSI (1d) shows that the stock price in the past 12 months bottoms a little after the RSI forms a Double Bottom. It makes a slightly lower low. Be on the look out for one.
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Strong Support zone with Upside PotentialSince 2022 JNJ is trending sidewards, testing the zone from $155 to 150$.
We are close to this zone, so a potential buy opportunity is coming.
Buy zone between $150 and $155, Target is $180 which is still under a fair price of $200
Stop should be near $145, if this break, the price could fall further down near $130 or worst case to $110 if the momentum is to big.
JNJ - head and shoulders hi Traders
JNJ looks pretty bearish now.
We can observe a head and shoulders pattern on JNJ.
The breakdown is happening right now so it's still early to take a short position.
Take profit and final target are shown on the chart.
If the price bounce back and we get a bearish retest , it would be also great opportunity to add more into the short.
Good luck
How To Analyze Any Chart 📚📹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Today we are going to go over a practical example on #JNJ , but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
J&JOHNSON, Ascending-Triangle-Formation, Completion Incoming!Hello,
Welcome to this analysis about the stock JOHNSON&JOHNSON, looking at the 4-hour timeframe perspectives. In my analysis recently I detected an interesting formational structure with J&J which has the ability to show up a determined breakout. As the corona pandemic moved on there emerged several pharmacy companies wanted to invent the covid-19 vaccines, one of them is J&J, now as these vaccines finally emerged there have been sharp rallies in the other companies already especially when the demand at the beginning of the vaccine launches has risen. Now as the demand keeps increasing and the companies distribute to new markets these demand-runs come in waves, as traders we can catch such opportunities in the market when the fundamental signs also give a positive indication for a rise or a fall in a stock like it is the case with these pharmacy companies in the last months.
From the technical point of view, J&J is building this massive ascending-triangle-formation with the waves A to C already completed. Now J&J is about to form the wave D and this wave D so far has shown up with increased volatility to the upside which is a good sign. Furthermore, J&J managed to bounce in the 200-EMA and the next time we can expect the stock to rightly test the upper-boundary as it is marked in my chart from where the wave E will have its origins, when then the wave E manages to stay in the channel and possibly also bounce in the blue confirmational-bounce-cluster this can lead to the final breakout and completion of the ascending-triangle-formation. In this case it is highly necessary that there do not come any bad news for the vaccine distribution such as a break in the supply chain or something else that can lead to a decline in the stock, when this not happens the breakout is likely to show up after the wave-count completed.
In this manner, thank you for watching my analysis about JOHNSON&JOHNSON with the current fundamental aspect as well as the major triangle-formation forming, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
J&JOHNSON, Stronger Than The Rest Market, Possible Bull-Flag!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current price-structure and what we can expect the next hours and days within J&JOHNSON. As I already mentioned in previous analysis in the current corona-crisis there are gainers and losers who are profiting either out of the crisis or having deficiencies to catch up onto the level seen before the corona-fears hit the markets. Therefore we see a paradigm shift in the global economy similar to these ones we have seen in the past where there have been companies which gone bankrupt due to lack of resilience and others which survived the crisis and exist still today, this was a constant repetition in the financial-crashes we have seen in history and it is repeating itself right now as history does not change at all only marginally when the necessities desire different circumstances. Therefore we have stocks that perform better than the markets, which are the truffles within this situation where we should keep an eye on when considering something on the long side and there are others that cant catch up with the train and consolidating or downshift.
Example Stock: Weaker Than Rest Market: BERKSHIRE (4-Hour Timeframe):
When looking at my chart you can see that J&J is trading above the 800-EMA marked in black which firstly is a strong sign that the stock holds above the EMA, furthermore, we have the 100-EMA which you see marked in green within the structure of my chart which provided a failed bearish-cross, this is a bullish sign indicating that the bulls are stronger than the bears. It is also the major difference to BERKSHIRE where the 100-EMA crossed the 800-EMA to the downside and provided a bearish crossover signal since which the stock didn't take these EMAs out this gives adds a more bullish edge to J&J at the moment which is trading in a possible bull-flag right now which you can see marked in blue.
The next time we can expect the stock to test the support it has remaining in the 138 level and the 800-EMA after forming the wave D of its overall wave count. When this test provides successful and solidity confirms at that level it is within the possible spectrum that J&J moves higher to confirm the huge possible bull-flag in which it is trading at the moment, this scenario will play out when the stock crosses with good volatility and sustainable above the higher boundary of the channel. When the stock provides such a breakout it will move onto its targets within the all-time-high range with a high possibility and even higher after that when there confirm good bullish volatility and no other meaningful bearish signs which alter the situation again.
Taking all these factors into consideration we have a technical basis for J&J to succeed next times although because it is the pharmaceutical company with the biggest market and as I already pointed out in past analysis these are stocks which can provide gains also in the current corona-crisis and show a possible anticyclical movement compared to the average rest market. In comparison with the S&P 500 which is still below its all-time high, we have a stronger picture here at the moment. We will see how this will develop further the next time and if J&J provides to hold this strong environment. Although there can still show new volatility to the downside in the average market due to upcoming corona-restriction this can add to J&J but as it is a possible anticyclical market mover the volatility to the downside can proof not that devastatingly fatal.
In this manner, thank you for watching, support for more market insight, good day, and all the best!
“Learning is an ornament in prosperity, a refuge in adversity, and a provision in modern markets.”
Information provided is only educational and should not be used to take action in the markets.
JNJ Game Plan Monday Aug 21 , 2023 The Johnson & Johnson stock is showing mixed signals from its short-term and long-term moving averages. The short-term average suggests a sell signal, while the long-term average indicates a buy signal. Since the short-term average is higher than the long-term average, an overall buy signal is present, suggesting a positive outlook. The stock might encounter resistance at around $173.04 on further gains and find support near $167.54 from the long-term average on declines. A break above the short-term average would signal a buy, while a break below the long-term average would signal a sell. Negative signals include a recent pivot top sell signal and a sell signal from the 3-month Moving Average Convergence Divergence (MACD). Despite this, the stock's controlled movements and good liquidity contribute to a low-risk assessment. Support from accumulated volume is around $172.39.
For the upcoming trading day on Monday, the stock is expected to open around $172.60 and move between $169.53 and $175.45 based on the 14-day Average True Range, indicating a possible trading range of approximately +/- $2.96. The stock is closer to support than resistance, making the risk/reward profile attractive for intraday trading.
Insiders have been buying more shares than selling, indicating a positive sentiment. Over the last 100 trades, a significant amount of shares were bought compared to those sold, suggesting potential upside. However, larger purchases might be influenced by stock options' due dates.
Considering various short-term signals and the overall trend, there is a favorable outlook for Johnson & Johnson stock in the short term, with potential for positive performance.
JNJ, 10d/-12.47%falling cycle -12.47% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
JNJ BUYHello, according to Johnson & Johnson stock analysis. There is a good opportunity to buy or invest in stocks for the long term. Especially since the arrow came out of the rectangle. It also broke the resistance at 166. An ascending channel started to form, which indicates that the stock is very positive. Good luck everyone
