The Tide May Be Shifting for Johnson & Johnson as it Crosses Above Its 200 Day Moving Average

The Hourly View for Johnson & Johnson

  • At the moment, JNJ’s price is down $-0.68 (-0.4%) from the hour prior.
  • The hourly chart shows that Johnson & Johnson has seen 3 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.
  • 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 $-1.58 (-0.92%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Johnson & Johnson has now gone down 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, with price now being below it. 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

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