JOHNSON & JOHNSON - 1H - Technical analysis published on 07/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 153.39 USD
My targets
156.42 USD (+0.70%)
161.24 USD (+3.80%)
My analysis
JOHNSON & JOHNSON is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 153.39 USD. The next resistance located at 156.42 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 161.24 USD. After this resistance, buyers could then target 169.17 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JOHNSON & JOHNSON price is 155.34 USD. On the day, this instrument gained +2.87% and was between 151.41 USD and 156.79 USD. This implies that the price is at +2.60% from its lowest and at -0.92% from its highest.151.41
156.79
155.34
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by JOHNSON & JOHNSON:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JOHNSON & JOHNSON in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 149.12 | 150.89 | 153.39 | 155.34 | 156.42 | 161.24 | 169.17 |
Change (%) | -4.00% | -2.86% | -1.26% | - | +0.70% | +3.80% | +8.90% |
Change | -6.22 | -4.45 | -1.95 | - | +1.08 | +5.90 | +13.83 |
Level | Major | Intermediate | Major | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 147.83 | 148.50 | 149.75 | 150.42 | 151.67 | 152.34 | 153.59 |
Camarilla | 150.48 | 150.66 | 150.83 | 151.01 | 151.19 | 151.36 | 151.54 |
Woodie | 148.13 | 148.65 | 150.05 | 150.57 | 151.97 | 152.49 | 153.89 |
Fibonacci | 148.50 | 149.23 | 149.68 | 150.42 | 151.15 | 151.60 | 152.34 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 140.71 | 142.95 | 146.41 | 148.65 | 152.11 | 154.35 | 157.81 |
Camarilla | 148.31 | 148.84 | 149.36 | 149.88 | 150.40 | 150.93 | 151.45 |
Woodie | 141.33 | 143.26 | 147.03 | 148.96 | 152.73 | 154.66 | 158.43 |
Fibonacci | 142.95 | 145.12 | 146.47 | 148.65 | 150.82 | 152.17 | 154.35 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 137.61 | 140.75 | 143.45 | 146.59 | 149.29 | 152.43 | 155.13 |
Camarilla | 144.55 | 145.09 | 145.63 | 146.16 | 146.70 | 147.23 | 147.77 |
Woodie | 137.40 | 140.64 | 143.24 | 146.48 | 149.08 | 152.32 | 154.92 |
Fibonacci | 140.75 | 142.98 | 144.36 | 146.59 | 148.82 | 150.20 | 152.43 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 85.12 | |
MACD (12,26,9): | 1.1900 | |
Directional Movement: | 48.94 | |
AROON (14): | 100.00 | |
DEMA (21): | 152.36 | |
Parabolic SAR (0,02-0,02-0,2): | 149.38 | |
Elder Ray (13): | 4.21 | |
Super Trend (3,10): | 152.48 | |
Zig ZAG (10): | 156.01 | |
VORTEX (21): | 1.2900 | |
Stochastique (14,3,5): | 93.99 | |
TEMA (21): | 152.94 | |
Williams %R (14): | -9.07 | |
Chande Momentum Oscillator (20): | 6.69 | |
Repulse (5,40,3): | 2.8400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 3.28 |
MA7: | 150.35 | |
MA20: | 147.98 | |
MA50: | 148.04 | |
MA100: | 150.53 | |
MAexp7: | 152.74 | |
MAexp20: | 150.97 | |
MAexp50: | 149.46 | |
MAexp100: | 148.39 | |
Price / MA7: | +3.32% | |
Price / MA20: | +4.97% | |
Price / MA50: | +4.93% | |
Price / MA100: | +3.20% | |
Price / MAexp7: | +1.70% | |
Price / MAexp20: | +2.89% | |
Price / MAexp50: | +3.93% | |
Price / MAexp100: | +4.68% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on JOHNSON & JOHNSON. At the time of publication of this analysis, the latest news was as follows:
- Johnson & Johnson Announces Preliminary Results of Kenvue Inc. Exchange Offer
- Thinking about trading options or stock in Meta Platforms, Rigetti Computing, Sea Ltd, Paysafe, or Johnson & Johnson?
- Johnson & Johnson Announces Final Exchange Ratio of 8.0324 in Split-Off of Kenvue Inc.
- Johnson & Johnson to Participate in the 2023 Wells Fargo Securities Healthcare Conference
- Kenvue To File Form S-4 Registration Statement in Connection with Johnson & Johnson Exchange Offer Announcement
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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