Johnson & Johnson (JNJ) Closes Last Hour Up $0.06; 4 Day Up Streak Ended, Crosses 50 Day Moving Average, is Inching Close to 50 Day Average

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.

JNJ

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“

    puffff