JNJ stock: buy or sell
Apr 22nd, 2021
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 setup||Buy point||Stop loss||Risk|
|ATH buy setup||$172.57||$155.31||10.00%|
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
Supports and resistances
The current resistance levels are:
The current support levels are:
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
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.
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 $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Johnson & Johnson stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts released by analysts in the last 30 days. Again, these forecasts are not direct recommendations for small investors and must not be followed blindly.
In the previous month we couldn't find any price target published for Johnson & Johnson stock.
Earnings and financials
Financial event was hosted by Johnson & Johnson ($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
|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
|Wednesday, April 21st, 2021|
|Day range||$165.29 - $166.91|
|Average true range||$3.00|
|50d mov avg||$161.60|
|100d mov avg||$158.57|
|200d mov avg||$151.71|
|Earnings date||July 15th, 2021|