JNJ stock: buy or sell

JNJ stock price: $172.20 0.01% At close on Jul 30th, 2021

Updated on:
Aug 1st, 2021

2

JNJ stock brief

  • Johnson & Johnson barely changed a 0.01% after hitting all-time highs last Wednesday
  • On July 23 broke out above its latest top at $171.67
  • Johnson & Johnson researches and develops, manufactures, and sells a range of products in the health care field worldwide.

Should I buy Johnson & Johnson stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $JNJ stock a buy?

Currently, Johnson & Johnson stock matches one trading strategy:

Uptrend buy setup

Johnson & Johnson stock continues to trend higher since in October 2020 and has marked an amazing 31.36% gain. Price marked a pull back in this uptrend at $161.79 last June, and since then it bounced off a 6.43%. Price just broke out above the buy point at $171.67, but it can be traded. If price goes above $180.25, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $156.94

Buy setupBuy pointStop lossRisk
Uptrend buy setup$171.67$156.948.58%

Should I sell Johnson & Johnson stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, our strategies are very easy to follow and are only valid for selling shares you already own, not for selling short Johnson & Johnson stock

A guiding principle is that you should not hold an operation that yields losses greater than those expected by the time of the buy. When to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Johnson & Johnson stock?

Currently, Johnson & Johnson stock doesn't match any of our preferred sell setups, so if you hold Johnson & Johnson stock and your operation is in profit probably is not time to sell now

Johnson & Johnson ratings

In the last 30 days we couldn't find any rating for Johnson & Johnson

Johnson & Johnson stock analysis

Since in October 2020, Johnson & Johnson has been printing an uptrend that by now marked an amazing 31.36%. The price shows higher highs and higher troughs, and along the way gave some buying opportunities for those who wanted to trade in. Latest pullback was last June, when price bounced at $161.79. On July 23, Johnson & Johnson broke out above its last top ($171.67) offering a good buy point

$JNJ at new All-time Highs

Johnson & Johnson did it again, and reached all-time highs (ATH) last Wednesday at $173.38

SMAs overview

JNJ stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current supports are:

  • S1: $171.67 (-0.31% below)
  • S2: $171.50 (-0.41% below)
  • S3: $165.99 (-3.61% below)
  • Bollinger bands

    The actual range between the upper and lower bands is less than 5%, thus meaning that price volatility is at very low levels. Reduced volatility is often the antecedent to a sharp movement (up or down), so we must be alert and manage our buy or sell orders accordingly

    JNJ stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really being helpful in making any decisions.

    JNJ stock RSI chart

    Johnson & Johnson stock price history

    Johnson & Johnson went public on Jan 3rd, 1962 at $0.00 per share1. Since then, JNJ stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Johnson & Johnson stock on Jan 1962, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    JNJ stock price history chart

    Price target for Johnson & Johnson stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price forecasts posted by brokerage institutions in the last month. Again, these targets are not direct recommendations for individual traders and must not be trusted blindly.

    We don't have any target price published in the last 30 days for Johnson & Johnson.

    Earnings and financials

    Earnings call was hosted by Johnson & Johnson ($JNJ) in mid-July after posting the financial report. JNJ presented earnings of $2.48 per share on revenue of $23.3 billion. The consensus earnings estimate was $2.27 per share on revenue of $22.2 billion.

    Same quarter last year, reported EPS was $1.67, so recently reported EPS means an increase of 48.50%. Sales exploded a 27.14% on an annualized basis in the , from $183.4B to $233.1B last quarter.

    JNJ ($JNJ) will host the Q3 earnings call next October. Estimated for this quarter is $2.36, compared to $2.48 that was reported for Q2.

    Johnson & Johnson performance

    JNJ performance compared
    Company1m3m6m
    Johnson & Johnson ($JNJ) 4.50% 5.90% 5.50%

    Important note:
    The viewpoints given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the specific scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning motives only

    JNJ summary

    Friday, July 30th, 2021
    Open$172.54
    Close$172.2
    Day range$171.84 - $172.98
    Previous close$172.18
    Session gain0.01%
    Average true range$2.36
    50d mov avg$167.38
    100d mov avg$165.20
    200d mov avg$158.50
    Earnings dateOctober 19th, 2021

    Frequently asked questions

    What is Johnson & Johnson stock symbol?

    Johnson & Johnson is a public company trading in the US stock market with the JNJ symbol

    Is Johnson & Johnson stock a buy or sell?

    Johnson & Johnson had no ratings in the last 30 days Read the article to get additional tips on trading JNJ stock.

    Will JNJ go up?

    There were no price targets published by analysts in the last 30 days for Johnson & Johnson.