JNJ stock: buy or sell

JNJ stock price: $166.59 0.07% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

JNJ stock brief

  • Counting on Wednesday, it's been 6 consecutive sessions in green for Johnson & Johnson. Price closed on Wednesday at $166.59 after scarcely changing a 0.07%.
  • On Tuesday, Johnson & Johnson posted its Q1 earnings report
  • 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?

Currently, Johnson & Johnson stock matches one trading strategy:

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 ATHs is that shares price doesn't have upper resistances, and usually it rises fast. 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 3.59% 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 $172.57. The stop loss would be placed at $155.31

Buy setupBuy pointStop lossRisk
ATH buy setup$172.57$155.3110.00%

Should I sell Johnson & Johnson stock?

"To sell or not to sell", if you are holding Johnson & Johnson stock?. Like when we have to buy shares, choosing when is the best time to sell is not a fickle decision, and we must adhere our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for shorting $JNJ stock

As a golden rule, you must never keep an investment that shows a greater losses than those expected upon the buy. The timing to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Johnson & Johnson stock?

In the current situation of Johnson & Johnson there is not any eligible sell setup, so Johnson & Johnson stock holders with operations in profit can keep their positions

Johnson & Johnson ratings

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

Johnson & Johnson stock analysis

SMAs overview

JNJ stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $167.03 (0.26% above)
  • R2: $172.57 (3.59% above)
  • The current support levels are:

  • S1: $156.53 (-6.04% below)
  • S2: $153.44 (-7.89% below)
  • S3: $152.87 (-8.24% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart proves that they are pretty narrow (less than 5%), which clearly indicates that price volatility is low. 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 properly

    JNJ stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for many weeks, and therefore, without this indicator really serving to help us make any decisions.

    JNJ stock RSI chart

    Johnson & Johnson stock price history

    Johnson & Johnson started trading on Jan 3rd, 1962 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 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

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price forecasts released by analysts in the last 30 days. Again, these forecasts are not direct recommendations for small investors and must not be followed blindly.

    In the previous month we couldn't find any price target published for Johnson & Johnson stock.

    Earnings and financials

    Financial event was hosted by Johnson & Johnson ($JNJ) on Tuesday after releasing the financial report. JNJ surpassed analysts estimates and presented of $2.59, that is a 10.68% increase versus the previous predictions of $2.34. Despite this, reported revenues of $22.3 billion were in line with consensus forecasts.

    In comparing, the EPS for the same quarter last year was $2.30, so posted EPS is a improvement of 12.61%. Sales grew a 7.88% on an annualized basis in the , from $206.9B to $223.2B last quarter.

    JNJ ($JNJ) is posting quarterly financial report next July.

    Johnson & Johnson performance

    JNJ performance compared
    Company1m3m6m
    Johnson & Johnson ($JNJ) 4.00% 3.90% 16.70%

    Important note:
    The viewpoints contained in this post 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 particular situations of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for learning purposes only

    JNJ summary

    Wednesday, April 21st, 2021
    Open$166.37
    Close$166.59
    Day range$165.29 - $166.91
    Previous close$166.48
    Session gain0.07%
    Average true range$3.00
    50d mov avg$161.60
    100d mov avg$158.57
    200d mov avg$151.71
    Earnings dateJuly 15th, 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 four weeks Read the article to get additional tips on trading JNJ stock.

    Will JNJ go up?

    There were no predictions issued by market analysts in the last 4 weeks for Johnson & Johnson.