JNJ trade ideas
$JNJ with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:JNJ after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90.91%.
Ascending TriangleThis triangle has broken to the upside.
Top line is flat and bottom line slopes up.
Overbought with RSI set on 70. Mine is set on 80.
Target for triangles are often measured using the back, or the wide end.
T1 has been met.
Possible pullback on the horizon.
Unhealthy looking candle today similar to a shooting star or even a gravestone Doji.
This candle has a long top wick and today's high is at the top of that wick. The bulls were unable to hold that high for now and the bears beat them back down.
No recommendation
$JNJOn Friday, July 21st, 2023, Johnson & Johnson (JNJ) saw a positive increase in its stock price, gaining 1.07% and rising from $168.38 to $170.19. Throughout the trading day, the stock experienced fluctuations, ranging from a low of $168.16 to a high of $170.82, representing a 1.58% swing. Over the past two weeks, the stock has shown a gain of 6.87%.
The trading volume decreased by -12 million shares on the last day, with a total of 10 million shares being bought and sold, resulting in transactions valued at approximately $1.69 billion. It is important to note that a decline in volume during price increases can indicate divergence and serve as an early warning for possible changes in the coming days.
Based on the current horizontal trend, it is predicted with a 90% probability that Johnson & Johnson's stock will trade between $155.78 and $171.14 at the end of the upcoming three-month period. Breakouts from horizontal trends are often accompanied by a substantial increase in volume, and stocks rarely move directly from the bottom of a trend to the top. Stocks that turn upward in the middle of a horizontal trend are considered potential runners.
As for signals and forecasts, Johnson & Johnson's stock holds buy signals from both short and long-term Moving Averages, indicating a positive outlook. Additionally, there is a general buy signal derived from the relation between the two Moving Averages, with the short-term average positioned above the long-term average. In the event of downward corrections, the stock is expected to find support at $162.02 and $161.51. A breakdown below these levels would issue sell signals. On May 26, 2023, a buy signal was issued from a pivot bottom point, resulting in a 10.26% increase thus far, and further growth is projected until a new top pivot is identified. However, the current 3-month Moving Average Convergence Divergence (MACD) indicates a sell signal.
Regarding support, risk, and stop-loss levels, Johnson & Johnson finds support from accumulated volume at $168.38, suggesting a potential buying opportunity as the stock is tested against this level. Generally, the stock exhibits controlled movements and possesses good liquidity, resulting in a considered low risk. The stock's daily average volatility for the last week has been 2.24%. A recommended stop-loss is set at $164.57 (-3.30%) based on a buy signal from a pivot bottom found 37 days ago.
Expectations for the upcoming trading day of Monday, July 24th, 2023, anticipate Johnson & Johnson to open at $169.72 and move within the range of $167.60 to $172.78 throughout the day, considering the 14-day Average True Range. This gives a potential trading interval of +/- $2.59 (+/- 1.52%) from the last closing price. If Johnson & Johnson exceeds the calculated swing range, there could be an estimated 3.04% movement between the lowest and highest trading prices during the day.
With no resistance above and support from accumulated volume at $168.38, which is $1.81 (1.06%) below the current price of $170.19, the risk-reward ratio appears attractive.
Insider trading activity indicates a positive sentiment, with insiders buying more shares than they are selling in Johnson & Johnson. Over the last 100 trades, there were 950.1 thousand shares bought and 114.64 thousand shares sold. The latest trade, made 42 days ago by Wengel Kathryn E, involved the sale of 12.47 thousand shares. The significant amount of stocks bought compared to those sold suggests that insiders believe there is potential for substantial upside. In some cases, larger purchases may be attributed to due dates for stock options.
JNJ Short! 2HI am shorting JNJ on the 2H chart. Price is forming a Double Top/Head and Shoulders-ish pattern at a major resistance. In the daily Chart price is forming a ascending triangle which also supports this short term short position as shown:
This will be a bear put spread as follows:
Long Put: $155, $0.23 premium
Short Put: $ 167.5, $4.66 premium
Expiry: 21st June 23
Max Loss: $4.43
Max Profit: $8.07
Break even price: $163.07
I am aware this is risky as I am shorting it prematurely before the break of the neckline. I do this as I am experimenting with options. There is a major resistance above protecting the downside but for safer entry please wait for the break of the neckline.
JNJ Put credit spreadmacro: snp500 QQQ uptrend, but retracing, JNJ Earnings beat
News: inflation flattening, russia stopping wheat shipments
TA : Break of range
STOP: rolling till worthless options
TP: low value per day or expire
risk: market downturn
JNJ Johnson & Johnson Options Ahead of EarningsAnalyzing the options chain of JNJ Johnson & Johnson prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
JOHNSON & JOHNSON Buy opportunity.Johnson & Johnson is trading inside an Ascending Triangle pattern with the 1D technicals neutral (RSI = 49.652, MACD = -0.360, ADX = 36.021). The 1D MACD is close to making a Buy Cross so today's cross over the 1D MA50 is a first buy signal, that targets the 1D MA200 (TP = 165.00).
If the price crosses over the R1 (167.25) we will buy again targeting the R2 (TP = 181.15), which is exactly on the 2.0 Fibonacci extension level.
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Johnson & Johnson Long risk/reward 1/1.5Perfect bounce on the 100 ma line and 3x top high, we now made it support and it can go back to the top.
Gets Tricky at $167$167 is a very clouded area for JNJ. Watch for the MACD to cross bearish before a leg down
JNJif it holds 153-154 area may go long from here. Only issue is dividend stocks are getting beaten a lot now a days...
$JNJ with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:JNJ after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
JNJ - Support Confluence Can be Nice BuyHi Guys, the opinions expressed ere are of my own. This is not financial advise and i am not a financial advisor.
Okay lets jump right in!
This is on the WEEKLY timeframe. Since JNJ is a divi stock, this for me would be long term hold or swing.
Indicators:
1. 200 Week moving average (red line) - ABbreviation= (200 "WMA")
2. RSI
Historically, as you can see everytime JNJ comes down to the Red line, the 200 Week Moving Average, it has been majority of times a good place to buy.
Not only that we are hitting a support line that has held since January 2021. This is confluence, of 2 major supports, adding favor in my opinion to buy here.
I would wait for this weeks close on the weekly time frame to gauge at the condition of the candle. But generally, a bottom wick is a good sign and shows buying pressure.
The RSI is also in oversold territory. It can be that we go further indicating some more downward pressure. BUT looking at past history, it has always been a good opportunity to buy when RSI goes below the green line i drew.
Stop loss for me would be around 5% below the weekly moving average. Ofcourse price action CAN crashes below the 200 WMA like some of the situations in history for example my "eh". But thats why we protect ourselves with stop losses.
Anyway, tried to keep this simple. Hope this helps. Let me know what you think! Like, Comment, Follow!
Thanks
Disclaimer: The ideas expressed here are my own opinion, this is by no means financial advise. I am not a financial advisor. Just a student of the charts expressing!
JNJ - 3 Day Timeframe - Area to load up??Hi guys welcome. The ideas expressed on this chart are my own opinions. This is not financial advice and i am not a financial advisor. Im a student of the charts and do this to improve my skills.
Anyway, i posted a JNJ chart last week on the Weekly timeframe. Mentioning how it could be a good time to buy some as we are touching up against the 200 week moving average and hitting some major support.
This chart is looking at JNJ on the 3D timeframe. Zooming in just a little bit. I will follow this with a daily chart next to zoom in even more.
Please note: The current candle on 3D will close on the 24th. So this current move is not yet finished and i believe we could touch the support line again or even wick down below. But as coinciding with the 200 Week moving average on the Weekly timeframe, this if history is any indication generally a good time to get some exposure. (please check the weekly JNJ chart below).
So like the previously posted chart on weekly, ive circled in green some instances in the past where it was essentially a good swing trade entry point. It can also be an area to load up for investing since long term trend is up and it being a dividend stock and all....... (this is not financial advise!)
For this chart, the story is told in the indicators ive provided.
From top to bottom:
1. STOCH RSI - momentum indicator
2. MACD - momentum indicator
3. RSI - supply/demand indicator
The RSI to me sticks out the most, as we are below the 20 level and the most "Oversold" we have ever been since March 2020, (coinciding with my weekly chart of the price action going below the 200 wma briefly).
To add confluence and support to this idea, i added the other 2 indicators to show oversold momentum areas. And all 3 indicators mimic'd similar patterns to those past instances.
The conditions that need to be met simultaneously to buy:
1.on 3D timeframe:
1. RSI below 20 level
2. MACD below 0 level, red bars
3. STOCH RSI below 20 level
4. Price action below 200 dma on 3D timeframe
2. on weekly timeframe:
Price action (candles) touching or below the 200 week moving average
I like this current area as not only are we touching the 200 weekly moving average, we are hitting some major support. (Check out my weekly chart for more info on this)
Make sure to check it out yourself on your charts! Let me know what yall think. Please comment, like, & follow if you liked this analysis. Remember to trade responsibly, to set up your own strategies and to protect yourself with stop loss.
Disclaimer: This is not financial advise, i am not a financial advisor. This info is only my own opinion on the matter of TA.
JNJ Johnson & Johnson Options Ahead of EarningsAnalyzing the options chain of JNJ Johnson & Johnson prior to the earnings report this week, I would consider purchasing
at the money Calls with a 165usd strike price and an expiration date of 2023-4-21, for a premium of approximately $2.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
April Losers (JNJ, account down 0.74%)4th trade in April is NYSE:JNJ .
Holding period is 68 days (1/26/23-4/4/23).
Account is down 0.74%.
Total return in April is -0.05%
Johnson & Johnson share outlook before the earningsShares in Johnson & Johnson (symbol ‘JNJ’) have been trading in a bearish momentum throughout the whole first quarter of 2023 before correcting to the upside in recent sessions. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Tuesday 18th of April before market open. The consensus EPS is HKEX:2 ,50 compared to the result for the same quarter last year of HKEX:2 ,67.
‘Johnson & Johnson has been paying dividends since 1972 and is one of the very few companies to do that for such a long period of time. This proves that investors buying this share are in for the long term and with a payout ratio of more than 60% and a dividend yield of more than 2.70% also proves the commitment of the company towards its shareholders.‘ said Antreas Themistokleous, an analyst at Exness.’
On the technical side the price has been trading in a downward movement throughout the whole of the first quarter of the year but it has rebounded significantly in the recent sessions with the price making back almost 50% of the losses incurred in the first 3 months. The price is currently trading outside the Bollinger bands indicating great volatility in the market. The HKEX:166 level was a strong technical resistance area since it consists of the 50% of the daily Fibonacci retracement level and also the 100 day moving average.
With the Stochastic oscillator recording overbought levels and with the strong technical resistance still in play we might see some minor correction to the downside prior to the earnings release. If this is the case then we might see some support around the HKEX:157 price area which consists of the crossing of the 50 day moving average on the 23.6% of the Fibonacci retracement level.
Index investing vs individual stocks investingI picked on random a popular US pharma stock , J&J which was in the news recently for being fined 9.8 billion dollars and compare it with the US stock index , SPX 500 over a rough 20 years period.
So, say you are 30 years old back then and you put the same amount of money, $10,000 into each of these assets.
20 years later, the stock you bought, J&J would yield you an estimate of 250% growth , that is from 10,000 it becomes 25,000. This of course excludes dividends income to simplify things.
On the other hand, your 10,000 in the index, SPX500 would yield you 430% returns or from 10,000 to 43,000. This is an additional gain of 18,000 more than if you had picked up individual stock on your own.
Of course, there are plenty of stocks that could yield you triple to quadruple digit returns over the same time frame which I did not cover here. My point is picking up individual stocks would require more research and homework on your own, understanding the industry, company's financial performance, economic moat, projection into the future, etc. Would anyone have thought a 163 years old bank like Credit Suisse would suffer its fate today ? I seriously doubt so.....
There is a great margin of safety in investing in the index as it is a basket of stocks and those that fails to meet its requirements would be replaced by another company. And that takes the load off your mind to do the due diligence.
It all depends on your capital, risk appetite , personality, objectives of investing, time frame, etc in deciding which asset class to go to. Some prefer stability and peaceful night sleep and less hassle while others enjoy the roller coaster ride and adrenaline rush of seeing the stock performed better than the index. To each his own, no right or wrong, really.
You can also place half your capital, 5000 into the stock and 5000 into the index. That will give you a total return of 30,500 which is very good too.
I wish you all the best in your investing journey. Enjoy the ride!
JNJ STRONG BUY *****JNJ broke it's downtrend recently and bounced off strong support of $150, moving avergaes are crossing up we are trading below the cloud so plenty of resistance at $158 and $166,. I would buy and ADD
3/21 Watchlist + NotesSPY - We were slightly bullish on SPY if you saw yesterdays list. SPY finished green around 1% which is what we expected, but we made another inside day today putting SPY in a 2-1-1 pattern on the daily. I am still expecting us to push higher tomorrow, but I have a feeling it will be a tricky day of price action with FOMC on wednesday. Overall slightly bullish once again, but not banking on it.
Watchlist + Bias:
JNJ - 3-1 daily / 2-1 weekly: Neutral
GOOG - 2-1 Daily: Neutral
MRK - 2-1 Daily: Neutral
HD - 2-1 Daily: Neutral
LLY - 2-1 Daily: Slightly Bullish
MMM - 2-1 Daily: Neutral
Main Watch:
JNJ - We are in a very interesting spot with JNJ currently. Weekly chart is in an active 2-1 and overall is bearish because of the current weekly trend. The daily is neutral with its 3-1 and its worth noting 4 out of the last 7 trading sessions have resulted in inside days. I have to assume we are just consolidating before moving lower, but with SPY being slightly bullish going into tomorrow, and FOMC wednesday, it is hard to say for sure which direction we will head in. With this in mind, I am open to playing either side depending on tomorrows session and how the weekly 2-1 plays out.
Honorable mentions:
GOOG and LLY in interesting spots as well. Going to mainly be watching these two and JNJ tomorrow as we prepare for FOMC
Johnson & Johnson Long PositionThe prices close to the support area. We are expecting the price to retest the support and hit our entries at 159.15 and 156.20.
It looks like the price is in the well defined down trend. Therefore, our first target for this long position is at the downsloping resistance and our final target would be at the upper boundary of the range which should be acting as a strong resistance.
JNJ on the beatthe last time i posted was about when it hit the last low of around 152/151.5
just posting an update, seems to be coming back into the buy area, and the next price target would be around 162 if a full run were to happen
$spy on the other hand... still remaining under 400 is scary and fed announcements coming next week, this will determine how the next quarter will project but as it sits right now its not a bad position
