Johnson&Johnson (JNJ/NYSE): general analysis
18 January 2019, 13:35
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 130.05 |
| Take Profit | 133.00, 136.00, 138.00 |
| Stop Loss | 127.10, 127.00 |
| Key Levels | 122.00, 126.00, 130.00, 133.00, 137.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 125.95 |
| Take Profit | 121.00, 118.00 |
| Stop Loss | 129.00 |
| Key Levels | 122.00, 126.00, 130.00, 133.00, 137.00 |
Current trend
Johnson&Johnson shares are trading at a premium of 5% to the December 6-month low. On January 22, before the market opens, the company will post Q4 2018 report. According to the results of the last quarter, the company expects net profit per share to increase by 12% to 1.95 USD with a slight decrease in revenue by 0.4% to 20.1 billion USD.
During the last week, Johnson & Johnson decreased by 0,48% against the growth of S&P 500 index by 1,54%.
Support and resistance
Shares of the company are consolidated after a significant collapse in mid-December. There is no unidirectional trend observed. The issuer has formed key support and resistance levels of 126.00 and 130.00. There is a potential for recovery. The signals of the indicators are ambiguous: the price has fixed below the MA (50) and MA (200); MACD histogram began to rise. It is better to open the positions from the key levels.
A comparative analysis of company multipliers and competing companies in the industry indicates the neutrality of #JNJ.
Resistance levels: 130.00, 133.00, 137.00.
Support levels: 126.00, 122.00.
Trading tips
Long positions can be opened after the price is fixed above the level of 130.00. The closing of the profitable positions is possible at the levels of 133.00, 136.00 and 138.00. Stop loss is 127.00.
Short positions can be opened after the price is set below the level of 126.00 with the targets at 121.00–118.00. Stop loss is 129.00.
Implementation period: 3 days.
Johnson&Johnson shares are trading at a premium of 5% to the December 6-month low. On January 22, before the market opens, the company will post Q4 2018 report. According to the results of the last quarter, the company expects net profit per share to increase by 12% to 1.95 USD with a slight decrease in revenue by 0.4% to 20.1 billion USD.
During the last week, Johnson & Johnson decreased by 0,48% against the growth of S&P 500 index by 1,54%.
Support and resistance
Shares of the company are consolidated after a significant collapse in mid-December. There is no unidirectional trend observed. The issuer has formed key support and resistance levels of 126.00 and 130.00. There is a potential for recovery. The signals of the indicators are ambiguous: the price has fixed below the MA (50) and MA (200); MACD histogram began to rise. It is better to open the positions from the key levels.
A comparative analysis of company multipliers and competing companies in the industry indicates the neutrality of #JNJ.
Resistance levels: 130.00, 133.00, 137.00.
Support levels: 126.00, 122.00.
Trading tips
Long positions can be opened after the price is fixed above the level of 130.00. The closing of the profitable positions is possible at the levels of 133.00, 136.00 and 138.00. Stop loss is 127.00.
Short positions can be opened after the price is set below the level of 126.00 with the targets at 121.00–118.00. Stop loss is 129.00.
Implementation period: 3 days.
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