Learn to Evaluate (JNJ) using the Charts
October 07, 2024, 21:12 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JNJ
- Buy JNJ near 157.8 target 165.93 stop loss @ 157.34 Details
The technical summary data tells us to buy JNJ near 157.8 with an upside target of 165.93. This data also tells us to set a stop loss @ 157.34 to protect against excessive loss in case the stock begins to move against the trade. 157.8 is the first level of support below 159.53 , and by rule, any test of support is a buy signal. In this case, support 157.8 is being tested, a buy signal would exist.
- Short JNJ slightly under 165.93, target 157.8, stop loss @ 166.41 Details
The technical summary data is suggesting a short of JNJ as it gets near 165.93 with a downside target of 157.8. We should have a stop loss in place at 166.41though. 165.93 is the first level of resistance above 159.53, and by rule, any test of resistance is a short signal. In this case, if resistance 165.93 is being tested, a short signal would exist.
Swing Trading Plans for JNJ
- Buy JNJ slightly over 160.75, target 165.93, Stop Loss @ 160.29 Details
If 160.75 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 160.75, with an upside target of 165.93. The data also tells us to set a stop loss @ 160.29 in case the stock turns against the trade. 160.75 is the first level of resistance above 159.53, and by rule, any break above resistance is a buy signal. In this case, 160.75, 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 160.75, target 158.81, Stop Loss @ 161.21. Details
The technical summary data is suggesting a short of JNJ if it tests 160.75 with a downside target of 158.81. We should have a stop loss in place at 161.21 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, 160.75, 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 159.87, target 160.75, Stop Loss @ 159.5 Details
If 159.87 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 159.87, with an upside target of 160.75. The data also tells us to set a stop loss @ 159.5 in case the stock turns against the trade. 159.87 is the first level of resistance above 159.53, and by rule, any break above resistance is a buy signal. In this case, 159.87, 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 159.87, target 158.84, Stop Loss @ 160.24. Details
The technical summary data is suggesting a short of JNJ if it tests 159.87 with a downside target of 158.84. We should have a stop loss in place at 160.24 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, 159.87, 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 October 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
149.45 |
| P2 |
158.84 |
158.81 |
157.8 |
| P3 |
159.87 |
160.75 |
165.93 |
AI Generated Signals for JNJ
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Johnson & Johnson (NYSE: JNJ) report below can help you understand how to do this. The trading plans for JNJ, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for JNJ:
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