Johnson & Johnson is Down for the 2nd Day in a Row

The Hourly View for Johnson & Johnson

  • At the time of this writing, JNJ’s price is down $-0.06 (-0.04%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Johnson & Johnson has now gone down 5 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • Of note is that the 20 hour changed directions on JNJ; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Johnson & Johnson’s hourly price chart is shown below.

JNJ

The Daily View for Johnson & Johnson

  • At the time of this writing, JNJ’s price is down $-0.07 (-0.04%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Johnson & Johnson has now gone down 8 of the past 10 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Johnson & Johnson.

JNJ

Featured Johnson & Johnson Commentary From Twitter

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https://t.co/cClaZo81Ek https://t.co/up88sOyj8fNA

hussmanjp