When the Price of (JNJ) Talks, People Listen
June 08, 2024, 11:46 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JNJ
- Buy JNJ slightly over 142.14 target 149.72 stop loss @ 141.73 Details
The technical summary data tells us to buy JNJ near 142.14 with an upside target of 149.72. This data also tells us to set a stop loss @ 141.73 to protect against excessive loss in case the stock begins to move against the trade. 142.14 is the first level of support below 147.08 , and by rule, any test of support is a buy signal. In this case, support 142.14 would be being tested, so a buy signal would exist.
- Short JNJ slightly under 149.72, target 142.14, stop loss @ 150.15 Details
The technical summary data is suggesting a short of JNJ as it gets near 149.72 with a downside target of 142.14. We should have a stop loss in place at 150.15though. 149.72 is the first level of resistance above 147.08, and by rule, any test of resistance is a short signal. In this case, if resistance 149.72 is being tested, so a short signal would exist.
Swing Trading Plans for JNJ
- Buy JNJ slightly over 147.42, target 149.72, Stop Loss @ 146.99 Details
If 147.42 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 147.42, with an upside target of 149.72. The data also tells us to set a stop loss @ 146.99 in case the stock turns against the trade. 147.42 is the first level of resistance above 147.08, and by rule, any break above resistance is a buy signal. In this case, 147.42, 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 JNJ slightly near 147.42, target 142.67, Stop Loss @ 147.85. Details
The technical summary data is suggesting a short of JNJ if it tests 147.42 with a downside target of 142.67. We should have a stop loss in place at 147.85 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, 147.42, 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 JNJ
- Buy JNJ slightly over 147.14, target 147.42, Stop Loss @ 146.8 Details
If 147.14 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 147.14, with an upside target of 147.42. The data also tells us to set a stop loss @ 146.8 in case the stock turns against the trade. 147.14 is the first level of resistance above 147.08, and by rule, any break above resistance is a buy signal. In this case, 147.14, 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 JNJ slightly near 147.14, target 145.82, Stop Loss @ 147.48. Details
The technical summary data is suggesting a short of JNJ if it tests 147.14 with a downside target of 145.82. We should have a stop loss in place at 147.48 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, 147.14, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Johnson & Johnson (JNJ) available here: JNJ.
JNJ Ratings for June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
142.14 |
| P2 |
145.82 |
142.67 |
149.72 |
| P3 |
147.14 |
147.42 |
157 |
AI Generated Signals for JNJ
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Johnson & Johnson (NYSE: JNJ) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for JNJ can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for JNJ:
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