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

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The Hourly View for Johnson & Johnson

  • Currently, JNJ’s price is up $0.97 (0.56%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 100 and 50 hour moving averages, resulting in them with price now being above them. 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 $-0.46 (-0.27%) from the day prior.
  • The daily chart shows that Johnson & Johnson has seen 2 straight down 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 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.
  • Divergence between JNJ’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in JNJ’s price.

Below is a daily price chart of Johnson & Johnson.

JNJ

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