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


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

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.

Support/Resistance

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.

Trend

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.

Conclusion

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
ConditionForecastDirectionWinAvgWorstBestEvents
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...
Learn more about TQ Pro
Latest Report:

JNJ breaks key support level

Jul 16, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Johnson & Johnson traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 477.0528.70 6.40%
BTCUSD 6,712.49348.90 5.48%
NKY 22,697.36100.01 0.44%
NATGAS 2.7670.009 0.33%
EURUSD 1.17110.0025 0.21%
GBPUSD 1.3234-0.0002 -0.02%
USDJPY 112.29-0.07 -0.06%
GOLD 1,241.0-0.8 -0.06%
SPX 2,798.43-2.88 -0.10%
DXY 94.275-0.225 -0.24%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.25 -0.38
-0.39%
ACN 10 day candlestick chart for ACN167.64 -0.45
-0.27%
ADBE 10 day candlestick chart for ADBE254.68 -3.91
-1.51%
AAP 10 day candlestick chart for AAP139.67 0.33
0.24%
AES 10 day candlestick chart for AES13.13 -0.05
-0.38%
AET 10 day candlestick chart for AET191.45 -0.44
-0.23%
AFL 10 day candlestick chart for AFL42.78 0.18
0.42%
AMG 10 day candlestick chart for AMG148.62 0.14
0.09%
A 10 day candlestick chart for A62.72 -0.66
-1.04%
ABT 10 day candlestick chart for ABT61.78 -1.28
-2.03%