Trading Johnson & Johnson $JNJ With Integrated Risk Controls

September 23, 2023, 15:45 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for JNJ

• Buy JNJ slightly over 151.70 target 161.30 stop loss @ 151.26 Details

The technical summary data tells us to buy JNJ near 151.70 with an upside target of 161.30. This data also tells us to set a stop loss @ 151.26 to protect against excessive loss in case the stock begins to move against the trade. 151.70 is the first level of support below 160.5 , and by rule, any test of support is a buy signal. In this case, support 151.70 would be being tested, so a buy signal would exist.

• Short JNJ slightly under 161.30, target 151.70, stop loss @ 161.77 Details

The technical summary data is suggesting a short of JNJ as it gets near 161.30 with a downside target of 151.70. We should have a stop loss in place at 161.77though. 161.30 is the first level of resistance above 160.5, and by rule, any test of resistance is a short signal. In this case, if resistance 161.30 is being tested, so a short signal would exist.

Swing Trading Plans for JNJ

• Buy JNJ slightly over 161.30, target 161.89, Stop Loss @ 160.83 Details

If 161.30 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 161.30, with an upside target of 161.89. The data also tells us to set a stop loss @ 160.83 in case the stock turns against the trade. 161.30 is the first level of resistance above 160.5, and by rule, any break above resistance is a buy signal. In this case, 161.30, 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 161.30, target 151.70, Stop Loss @ 161.77. Details

The technical summary data is suggesting a short of JNJ if it tests 161.30 with a downside target of 151.70. We should have a stop loss in place at 161.77 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, 161.30, 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 161.30, target 161.89, Stop Loss @ 160.92 Details

If 161.30 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 161.30, with an upside target of 161.89. The data also tells us to set a stop loss @ 160.92 in case the stock turns against the trade. 161.30 is the first level of resistance above 160.5, and by rule, any break above resistance is a buy signal. In this case, 161.30, 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 161.30, target 151.70, Stop Loss @ 161.68. Details

The technical summary data is suggesting a short of JNJ if it tests 161.30 with a downside target of 151.70. We should have a stop loss in place at 161.68 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, 161.30, 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 September 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	151.70
P2	161.73	161.89	161.30
P3	163.14	165.08	171.08

AI Generated Signals for JNJ

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