Johnson & Johnson Snaps a 4 Day Up Streak

The Hourly View for Johnson & Johnson

  • At the moment, JNJ’s price is down $-0.62 (-0.36%) from the hour prior.
  • The hourly chart shows that Johnson & Johnson has seen 2 straight down hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below 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

  • Currently, JNJ’s price is down $-1.98 (-1.14%) from the day prior.
  • Johnson & Johnson has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend 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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