JNJ - Johnson & Johnson

Industry: Drug Manufacturers - Major Sector: Healthcare Exchange: NYSE

JNJ - Johnson & Johnson

Industry: Drug Manufacturers - Major Sector: Healthcare Exchange: NYSE

Wed 01'st Aug 2018

PERIOD 2018-05-02 - 2018-08-01
CHANGE 0.09%
PRICE $132.64






Johnson & Johnson Stock Analysis

Technical stock analysis for Wed 01'st Aug 2018

Buy candidate since 2018-07-26 Gain 1.81%
Shorts 2.41% ( 2018-07-13 )
Cash 16 231.0 mill
Loans 35 166.0 mill
Beta 0.74
ROA 0.90

Johnson & Johnson gained 0.09% in the last trading day, rising from $132.52 to $132.64, and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 3.79% over the past 2 weeks. Volume fell in the last day by -1.81 million shares, and in total, 5.75 million shares bought and sold for approximately $762.21 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.


Johnson & Johnson lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $132.67 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 4.83% during the next 3 months and, with 90% probability hold a price between $129.74 and $139.08 at the end of this period.

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Only positive signals in the chart today. Johnson & Johnson holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $131.02 and $125.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday July 20, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 63 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Johnson & Johnson finds support from accumulated volume at $132.17.

Support: $132.17 Price: $132.64


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.88 (0.67%) between high and low. For the last week, the stock has had a daily average volatility of 1.02%.

Since the Johnson & Johnson has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $127.09 (-4.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

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