Johnson & Johnson $JNJ Technical Update – Stock Traders Daily

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Johnson & Johnson $JNJ Technical Update

The Johnson & Johnson (NYSE: JNJ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for JNJ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 133.30 132.14 111.68
P2 134.53 136.02 124.35
P3 135.59 139.97 136.58

Long Term Trading Plans for JNJ

September 6, 2018, 11:00 am ET

The Technical Summary and Trading Plans for JNJ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this JNJ Report.

JNJ – (Long) Support Plan

Buy over 124.35 target 136.58 stop loss @ 124.09.
The technical summary data tells us to buy JNJ near 124.35 with an upside target of 136.58. This data also tells us to set a stop loss @ 124.09 to protect against excessive loss in case the stock begins to move against the trade. 124.35 is the first level of support below 135.86 , and by rule, any test of support is a buy signal. In this case, support 124.35 is being tested, a buy signal would exist.

JNJ – (Short) Resistance Plan

Short under 136.58 target 124.35 stop loss @ 136.84
The technical summary data is suggesting a short of JNJ as it gets near 136.58 with a downside target of 124.35. We should have a stop loss in place at 136.84 though. 136.58 is the first level of resistance above 135.86, and by rule, any test of resistance is a short signal. In this case, if resistance 136.58 is being tested, a short signal would exist.

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