Johnson&Johnson (JNJ/NYSE): general analysis
22 August 2018, 10:50
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 137.10 |
| Take Profit | 139.00, 141.00, 143.00 |
| Stop Loss | 135.00 |
| Key Levels | 131.00, 133.00, 135.00, 137.00, 139.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 134.90 |
| Take Profit | 131.00, 130.00 |
| Stop Loss | 137.00 |
| Key Levels | 131.00, 133.00, 135.00, 137.00, 139.00 |
Current trend
Since the middle of last week, Johnson&Johnson shares are strengthening. Yesterday quotes consolidated at the 6-month high. From the 52-week low in late May, the price rose by 13.29%. In the second half of 2018, Johnson&Johnson predicts an acceleration in the business of consumer goods and medical equipment, while the direction of medical drugs will face growing competition for most of the commodity items.
During the last week, Johnson&Johnson grew by 4.52% against the growth of the S&P 500 index by 0.81%.
Support and resistance
The "bullish" mood prevails. At the moment, the price is consolidated. Local levels of support and resistance are 135.00 and 137.00. There is potential for further growth. Indicators reflect the strength of buyers: the price was fixed above MA (50) and MA (200); MACD is in the positive zone and continues to rise. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 137.00, 139.00.
Support levels: 135.00, 133.00, 131.00.
Trading tips
Long positions can be opened after the price is set above the level of 137.00. The closing of the profitable positions is possible at the levels of 139.00, 141.00 and 143.00. Stop loss is 135.00.
Short positions can be opened after the price is fixed below the level of 135.00 with the targets at 131.00–130.00. Stop loss is 137.00.
Implementation period: 3 days.
Since the middle of last week, Johnson&Johnson shares are strengthening. Yesterday quotes consolidated at the 6-month high. From the 52-week low in late May, the price rose by 13.29%. In the second half of 2018, Johnson&Johnson predicts an acceleration in the business of consumer goods and medical equipment, while the direction of medical drugs will face growing competition for most of the commodity items.
During the last week, Johnson&Johnson grew by 4.52% against the growth of the S&P 500 index by 0.81%.
Support and resistance
The "bullish" mood prevails. At the moment, the price is consolidated. Local levels of support and resistance are 135.00 and 137.00. There is potential for further growth. Indicators reflect the strength of buyers: the price was fixed above MA (50) and MA (200); MACD is in the positive zone and continues to rise. It is better to open the positions from the key levels.
The comparative analysis of the indicators of the company and its competitors suggests the neutrality of its share prices.
Resistance levels: 137.00, 139.00.
Support levels: 135.00, 133.00, 131.00.
Trading tips
Long positions can be opened after the price is set above the level of 137.00. The closing of the profitable positions is possible at the levels of 139.00, 141.00 and 143.00. Stop loss is 135.00.
Short positions can be opened after the price is fixed below the level of 135.00 with the targets at 131.00–130.00. Stop loss is 137.00.
Implementation period: 3 days.
No comments:
Write comments