Johnson & Johnson Technical Analysis Summary
Sell Stop։ Below 166.95
Stop Loss: Above 171.82
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
| Fibonacci | Sell |
Johnson & Johnson Chart Analysis
Johnson & Johnson Technical Analysis
The technical analysis of the Johnson & Johnson stock price chart on daily timeframe shows #S-JNJ,Daily is falling after breaching below the 200-day moving average MA(200) and has fallen below a support. The RSI however is in the oversold zones. We believe the bearish momentum will resume after the price breaches below the lower Donchian bound at 166.95. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 171.82. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (171.82) without reaching the order (166.95), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Johnson & Johnson
Johnson & Johnson announced it will discontinue talc-based baby powder in 2023. Will the Johnson & Johnson stock price continue retreating?
Johnson & Johnson is a United States corporation that develops, manufactures and sells various products in the healthcare field worldwide. Its market capitalization is $434.4 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 24.33 currently, company’s revenue (ttm) was $95.6 billion, while the Return on Equity (ttm) was 25.17% and the Return on Assets (ttm) at 8.9%. Johnson & Johnson has announced it will stop selling talc-based baby powder globally in 2023. J&J faces more than 40,000 lawsuits for its talc-based products, which allege that its talc products contain asbestos that causes cancer. J&J has established a $2 billion trust to resolve this claims, as well as allocated a royalty revenue stream with a present value of over $350 million to supplement the fund. The stock price closed down 1.1% over day after announcement.
This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.
Recommended content
Editors’ Picks
EUR/USD posts lowest daily close since December Premium
A strong US Dollar sent EUR/USD to reach a new low at 1.0488. The pair later stabilized around 1.0500, marking the lowest daily close since December 2022. The overbought US Dollar remains robust, driven by risk-off sentiment. Spain and Germany are set to release inflation data on Thursday.
GBP/USD rebounds modestly to 1.2150
GBP/USD reached a new multi-month low at 1.2110 and then rebounded modestly, finding resistance at the 1.2150 area. A strong US Dollar, suppored by risk aversion and higher Treasury yields, keeps the pair under pressure.
Gold collapses below $1,900 as fears back the USD Premium
Gold price turned south and dropped below $1,880 for the first time since March on Wednesday. After a downward correction in the European session, the benchmark 10-year US Treasury bond yield regained traction and rose toward 4.6%, causing XAU/USD to stretch lower.
Top 3 Price Prediction: BTC upward potential under threat
Bitcoin (BTC) along with Ethereum (ETH) and Ripple (XRP) prices are all at Catch-22 moments, testing key levels that will determine the next directional bias. Depending on how bulls play their hand, the next few hours could be a make or break moment for the top three leading cryptos.
Dow Jones Industrial Average Forecast: Risk of US government shutdown sends DJIA lower
The Dow Jones Industrial Average (DJIA) loses more ground on Wednesday. Anxiety is still top of mind with rebellious members of the US House of Representatives refusing to allow continuing spending bills to reach the floor for a vote.