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

Johnson & Johnson (JNJ) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
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
TQ Sentiment
Report Sentiment: 57% Bearish
Technical Forecast:

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 chart for JNJ

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.


While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Johnson & Johnson
Black Candle TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Price broke through Technical Support S1 TQ Pro Members Only
2 Consecutive Lower Closes TQ Pro Members Only
RSI(2) below 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

JNJ breaks key support level

Jul 16, 2018
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