When Johnson & Johnson ($JNJ) Moves Investors should Listen
October 31, 2023, 19:45 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JNJ
- Buy JNJ slightly over 147.84 target 157.47 stop loss @ 147.41 Details
The technical summary data tells us to buy JNJ near 147.84 with an upside target of 157.47. This data also tells us to set a stop loss @ 147.41 to protect against excessive loss in case the stock begins to move against the trade. 147.84 is the first level of support below 148.34 , and by rule, any test of support is a buy signal. In this case, support 147.84 would be being tested, so a buy signal would exist.
- Short JNJ slightly under 157.47, target 147.84, stop loss @ 157.92 Details
The technical summary data is suggesting a short of JNJ as it gets near 157.47 with a downside target of 147.84. We should have a stop loss in place at 157.92though. 157.47 is the first level of resistance above 148.34, and by rule, any test of resistance is a short signal. In this case, if resistance 157.47 is being tested, so a short signal would exist.
Swing Trading Plans for JNJ
- Buy JNJ slightly over 148.99, target 157.47, Stop Loss @ 148.56 Details
If 148.99 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 148.99, with an upside target of 157.47. The data also tells us to set a stop loss @ 148.56 in case the stock turns against the trade. 148.99 is the first level of resistance above 148.34, and by rule, any break above resistance is a buy signal. In this case, 148.99, 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 148.99, target 147.84, Stop Loss @ 149.42. Details
The technical summary data is suggesting a short of JNJ if it tests 148.99 with a downside target of 147.84. We should have a stop loss in place at 149.42 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, 148.99, 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 148.99, target 157.47, Stop Loss @ 148.64 Details
If 148.99 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 148.99, with an upside target of 157.47. The data also tells us to set a stop loss @ 148.64 in case the stock turns against the trade. 148.99 is the first level of resistance above 148.34, and by rule, any break above resistance is a buy signal. In this case, 148.99, 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 148.99, target 147.98, Stop Loss @ 149.34. Details
The technical summary data is suggesting a short of JNJ if it tests 148.99 with a downside target of 147.98. We should have a stop loss in place at 149.34 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, 148.99, 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 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
147.84 |
| P2 |
145.31 |
145.86 |
157.47 |
| P3 |
147.98 |
148.99 |
167.19 |
AI Generated Signals for JNJ
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Johnson & Johnson (NYSE: JNJ) report below is a real world example. Included are trading plans for JNJ, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for JNJ:
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