The Hourly View for JNJ
Last Updated October 14, 2020, 02:014 GMT
At the moment, JNJ’s price is down $-2.37 (-1.56%) from the hour prior. The hourly chart shows that JNJ has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Johnson & Johnson Daily Price Recap
The end of a 4 day positive run has come for Johnson & Johnson, which finished the day prior down 2.29% ($3.48). The price move occurred on stronger volume; specifically, yesterday’s volume was up 51.93% from the day prior, and up 100.79% from the same day the week before. Here is a daily price chart of Johnson & Johnson.
Johnson & Johnson Technical Analysis
First things first: Johnson & Johnson crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Johnson & Johnson’s price has gone up 16 them. And for candlestick traders, a special treat: there is a evening star pattern showing up on the charts as well. Rejoice!
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about JNJ:
$LLY $JNJ $AZN $SPY
Quite common and not unusual for clinical trials to be halted.
Wonder if intentionally done as a slap in the face of Trump for trying to pressure and control them for political reasons.
Not at all difficult to skew or interpret the data/lab/clinical findings to meet their end.
After all, if the public’s trust is eroded, they’ll ultimately lose revenue—not even party loyalty is above this.
“Your answer to everything is money“