JNJ stock: buy or sell
Jun 22nd, 2021
JNJ stock brief
- Johnson & Johnson stock moved up 1.15% to close at $163.84 on the stock market on Monday.
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $131.09. Up to date, price made a 24.98% profit since the beginning of this rally
- Johnson & Johnson researches and develops, manufactures, and sells a range of products in the health care field worldwide.
Should I buy Johnson & Johnson stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
In the current situation of Johnson & Johnson there is just one buy setup eligible:
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that shares price doesn't struggle with upper resistances, and usually it rises quickly. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 4.78% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $171.67. Place your stop-loss at $154.50
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$171.67||$154.50||10.00%|
Should I sell Johnson & Johnson stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies give us the ability us to avoid rash decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, our setups are very simple to follow but are only valid for selling shares you already own, not for selling short $JNJ stock
A golden rule is that you should never hold a trade that leads to losses greater than those expected upon purchase. The timing to sell shares must always be ruled 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 month, just one brokerage rating was published for Johnson & Johnson
|May 28th, 2021|
Johnson & Johnson stock analysis
Since in October 2020, Johnson & Johnson has been printing an uptrend that by now marked an amazing 24.98%. The price line shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest low was last April, when price bounced at $155.56. Like in all uptrends, price needs to take breath and now price is moving in a range between $171.67 and $155.56
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band last Friday, the price bounced by 1.27%. The price is moving very close to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a bullish indicator, as price can trade in these levels for many days and weeks
Relative strength index
When the stays for so long below 70 and above 30, without signaling moments of overbought and oversold, the indicator turns out to be of little use, and we currently are in one of these cases.
Johnson & Johnson stock price history
Johnson & Johnson went public on Jan 3rd, 1962 priced at $0.00 per share1. Since then, JNJ stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Johnson & Johnson stock on the IPO, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Johnson & Johnson stock
Nobody can predict how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial data by the company, and usually. If you are a small trader you must not trade based on these predictions.
There is just one price target issued for Johnson & Johnson that predicts a price of $187.00.
|Brokerage firm||Price target|
|May 28th, 2021|
Earnings and financials
Investors call was hosted by Johnson & Johnson ($JNJ) last April after posting the financial report. JNJ presented earnings of $2.59 per share on revenue of $22.3 billion. The analysts estimate was $2.34 per share on revenue of $22.0 billion.In comparing, the EPS for the same quarter last year was $2.30, so posted EPS is a gain of 12.61%. Sales climbed a 7.88% on an annualized basis in the , from $206.9B to $223.2B last quarter.
JNJ ($JNJ) posts Q2 financial report mid next July. Expected for this quarter is $2.26, compared to $2.59 that was reported for Q1.
Johnson & Johnson performance
|Johnson & Johnson ($JNJ)||-3.80%||2.90%||8.00%|
Please read:The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular scenarios of the reader, his or her own financial statements 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 published for general educational reasons only
|Monday, June 21st, 2021|
|Day range||$162.25 - $164.26|
|Average true range||$2.61|
|50d mov avg||$165.53|
|100d mov avg||$163.09|
|200d mov avg||$155.25|
|Earnings date||July 15th, 2021|