Trading (JNJ) With Integrated Risk Controls
April 08, 2024, 08:14 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for JNJ
- Buy JNJ slightly over 148.27 target 155.87 stop loss @ 147.84 Details
The technical summary data tells us to buy JNJ near 148.27 with an upside target of 155.87. This data also tells us to set a stop loss @ 147.84 to protect against excessive loss in case the stock begins to move against the trade. 148.27 is the first level of support below 152.16 , and by rule, any test of support is a buy signal. In this case, support 148.27 would be being tested, so a buy signal would exist.
- Short JNJ slightly under 155.87, target 148.27, stop loss @ 156.32 Details
The technical summary data is suggesting a short of JNJ as it gets near 155.87 with a downside target of 148.27. We should have a stop loss in place at 156.32though. 155.87 is the first level of resistance above 152.16, and by rule, any test of resistance is a short signal. In this case, if resistance 155.87 is being tested, so a short signal would exist.
Swing Trading Plans for JNJ
- Buy JNJ slightly over 153.23, target 155.87, Stop Loss @ 152.79 Details
If 153.23 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 153.23, with an upside target of 155.87. The data also tells us to set a stop loss @ 152.79 in case the stock turns against the trade. 153.23 is the first level of resistance above 152.16, and by rule, any break above resistance is a buy signal. In this case, 153.23, 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 153.23, target 148.27, Stop Loss @ 153.67. Details
The technical summary data is suggesting a short of JNJ if it tests 153.23 with a downside target of 148.27. We should have a stop loss in place at 153.67 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, 153.23, 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 152.78, target 153.23, Stop Loss @ 152.42 Details
If 152.78 begins to break higher, the technical summary data tells us to buy JNJ just slightly over 152.78, with an upside target of 153.23. The data also tells us to set a stop loss @ 152.42 in case the stock turns against the trade. 152.78 is the first level of resistance above 152.16, and by rule, any break above resistance is a buy signal. In this case, 152.78, 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 152.78, target 151.42, Stop Loss @ 153.14. Details
The technical summary data is suggesting a short of JNJ if it tests 152.78 with a downside target of 151.42. We should have a stop loss in place at 153.14 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, 152.78, 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 April 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
148.27 |
| P2 |
151.42 |
153.23 |
155.87 |
| P3 |
152.78 |
156.71 |
163.36 |
AI Generated Signals for JNJ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for JNJ:
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