Johnson & Johnson Daily Price Recap
The back and forth price flow continues for Johnson & Johnson, which started today off at 149.55 US dollars, down 2.78% ($4.28) from yesterday. As for how volume fared, yesterday’s volume was up 26.09% from the previous day (Wednesday), and up 124.46% from Thursday of the week before. Below is a daily price chart of Johnson & Johnson.
Johnson & Johnson Technical Analysis
Notably, Johnson & Johnson crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Johnson & Johnson’s price has gone up 5 them. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 30 day charts, may be slowing down and ready to reverse.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about JNJ:
$JNJ Sep 03
– Daily stock market timing forecast –
◆ Investing view
=> Sell – Bearish
◆ Search for the daily stock market timing forecast
◆ Upper~Lower stock price band for the next 10 days
Price: 145.33 ~ 152.18
% Change: -2.82% ~ 1.76%
◆ Today's Supply-Demand(S&D) strength
=> Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
◆ Daily Supply-Demand(S&D) strength Trend
=> In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.