JNJ plummets, loses $1.83 (-1.43%) within a single day


Johnson & Johnson (JNJ) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team

Highlights

JNJ crashes, loses $1.83 (-1.43%) within a single day
JNJ breaks below 100-day moving average
JNJ fails to close above 100-day moving average
JNJ breaks below previous session low
JNJ falls to lowest close since July 6th

Overview

JNJ finished the week 0.14% higher at 125.93 after tanking $1.83 (-1.43%) today. This is the biggest single day loss in over a month. Today's closing price of 125.93 marks the lowest close since July 6th. Closing below Thursday's low at 127.17, the market confirms its breakout through the prior session's low having traded $1.85 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (JNJ as at Jul 13, 2018):

Daily technical analysis candlestick chart for Johnson & Johnson (JNJ) as at Jul 13, 2018

Friday's trading range was $2.18 (1.74%), that's far above last trading month's daily average range of $1.59. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 125.24. After spiking up to 127.50 during the day, the stock found resistance at the 100-day moving average at 126.29.

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already. The share broke below the 100-day moving average at 126.29 today for the first time since July 11th.


Market Conditions for JNJ as at Jul 13, 2018

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