RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JNJ
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Johnson & Johnson stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jul 19, 2024)

Sell candidate since Jul 19, 2024 PDF

The Johnson & Johnson stock price fell by -0.470% on the last day (Friday, 19th Jul 2024) from $155.42 to $154.69. During the last trading day the stock fluctuated 1.54% from a day low at $154.13 to a day high of $156.51. The price has risen in 6 of the last 10 days and is up by 5.6% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 5 million shares were bought and sold for approximately $830.11 million.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $156.58 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Johnson & Johnson stock with a 90% probability to be traded between $144.27 and $156.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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JNJ Signals & Forecast

The Johnson & Johnson stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $152.36 and $147.82. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -1.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Johnson & Johnson stock

Johnson & Johnson finds support from accumulated volume at $149.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.38 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JNJ) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Johnson & Johnson to open at $155.11, and during the day (based on 14 day Average True Range), to move between $152.38 and $157.00, which gives a possible trading interval of +/-$2.31 (+/-1.49%) up or down from last closing price. If Johnson & Johnson takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $155.42 (0.47%) than the support at $149.70 (3.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Johnson & Johnson stock A Buy?

Johnson & Johnson holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.323 Sell Candidate Downgraded

Predicted Opening Price for Johnson & Johnson of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$155.11 ( 0.272%) $154.69

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JNJ

Fibonacci Support & Resistance Levels

Level Price
R3 157.49 1.81%
R2 156.58 1.22%
R1 156.02 0.86%
Price 154.69
S1 154.20 -0.316%
S2 153.64 -0.679%
S3 152.73 -1.27%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 156.58 1.22%
R1 155.42 0.472%
Price 154.69
S1 149.70 -3.23%
S2 146.86 -5.06%
S3 146.82 -5.09%

JNJ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 17, 2024 Aug 27, 2024 Sep 10, 2024 $1.24 0.80%
2 May 20, 2024 May 20, 2024 Jun 04, 2024 $1.24 0.84%
3 Jan 02, 2024 Feb 16, 2024 Mar 05, 2024 $1.19 0.744%
4 Oct 19, 2023 Nov 20, 2023 Dec 05, 2023 $1.19 0.751%
5 Jul 20, 2023 Aug 25, 2023 Sep 07, 2023 $1.19 0.744%

FAQ

What is the symbol for Johnson & Johnson Stock and on which exchange is it traded?
The symbol for Johnson & Johnson is JNJ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Johnson & Johnson Stock?
Johnson & Johnson holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Johnson & Johnson Stock?
Johnson & Johnson Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Johnson & Johnson Stock.

What's the current price of Johnson & Johnson Stock?
As of the end of day on the Jul 19, 2024, the price of an Johnson & Johnson (JNJ) share was $154.69.

What is the 52-week high and low for Johnson & Johnson Stock?
The 52-week high for Johnson & Johnson Stock is $175.96 and the 52-week low is $143.13.

What is the market capitalization of Johnson & Johnson Stock?
As of the Jul 19, 2024, the market capitalization of Johnson & Johnson is 372.289B.

When is the next earnings date for Johnson & Johnson?
The upcoming earnings date for Johnson & Johnson is Oct 15, 2024.
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About Johnson & Johnson

Johnson & Johnson Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the healthcare field worldwide. The company's Consumer Health segment offers baby care products under the JOHNSON'S and AVEENO Baby brands; oral care products under the LISTERINE brand; skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR. CI:LABO, NEUTROGENA, and OGX brands; TYLENOL acetaminophen products; SUDAFED co... JNJ Profile

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