Momentum Reversal? Johnson & Johnson’s Heads Down for the First Time in 4 Days

The Daily View for Johnson & Johnson

  • Currently, JNJ’s price is down $0 (0%) 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.
  • 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 day timeframes.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

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 $-0.99 (-0.6%) 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.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Johnson & Johnson. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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.

Below is a daily price chart of Johnson & Johnson.

JNJ

Featured Johnson & Johnson Commentary From Twitter

@jedimarkus77 I honestly don’t yet. I know people who’ve had both, which mixed results. Even the JNJ one is sort of a new technology. This is personal decision and not some sort of endorsement.NA

RudyHavenstein