Johnson & Johnson is Down for the 3rd Day in a Row

The Hourly View for Johnson & Johnson

  • At the time of this writing, JNJ’s price is up $0.21 (0.13%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move 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.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being above it. 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 moment, JNJ’s price is down $-1.06 (-0.64%) from the day prior.
  • This is the 3rd day in a row Johnson & Johnson has seen its price head down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 100 and 200 day changed directions on JNJ; they are now pointing down. 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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