Trend Tracker for Johnson Controls JCI

December 03, 2021, 19:00 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for Johnson Controls (NYSE: JCI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for JCI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if JCI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for JCI too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for JCI

• Buy JCI slightly over 74.75 target 79.02 stop loss @ 74.53 Details

The technical summary data tells us to buy JCI near 74.75 with an upside target of 79.02. This data also tells us to set a stop loss @ 74.53 to protect against excessive loss in case the stock begins to move against the trade. 74.75 is the first level of support below 77.95 , and by rule, any test of support is a buy signal. In this case, support 74.75 would be being tested, so a buy signal would exist.

• Short JCI under 79.02, target 74.75, stop loss @ 79.25 Details

The technical summary data is suggesting a short of JCI as it gets near 79.02 with a downside target of 74.75. We should have a stop loss in place at 79.25though. 79.02 is the first level of resistance above 77.95, and by rule, any test of resistance is a short signal. In this case, if resistance 79.02 is being tested, so a short signal would exist.

Swing Trading Plans for JCI

• Buy JCI slightly over 79.02, target 83.14, Stop Loss @ 78.79 Details

If 79.02 begins to break higher, the technical summary data tells us to buy JCI just slightly over 79.02, with an upside target of 83.14. The data also tells us to set a stop loss @ 78.79 in case the stock turns against the trade. 79.02 is the first level of resistance above 77.95, and by rule, any break above resistance is a buy signal. In this case, 79.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JCI near 79.02, target 77.82, Stop Loss @ 79.25. Details

The technical summary data is suggesting a short of JCI if it tests 79.02 with a downside target of 77.82. We should have a stop loss in place at 79.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for JCI

• Buy JCI slightly over 79.02, target 83.14, Stop Loss @ 78.84 Details

If 79.02 begins to break higher, the technical summary data tells us to buy JCI just slightly over 79.02, with an upside target of 83.14. The data also tells us to set a stop loss @ 78.84 in case the stock turns against the trade. 79.02 is the first level of resistance above 77.95, and by rule, any break above resistance is a buy signal. In this case, 79.02, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JCI near 79.02, target 77.82, Stop Loss @ 79.2. Details

The technical summary data is suggesting a short of JCI if it tests 79.02 with a downside target of 77.82. We should have a stop loss in place at 79.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.02, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

JCI Ratings for December 03:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	74.75
P2	74.98	75.38	79.02
P3	76.89	77.82	83.14

Support and Resistance Plot Chart for JCI

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