• Johnson & Johnson (JNJ) Outlook: Neutral to Bearish Sentiment Amid Forecasted Price Decline

  • Nov 8 2024
  • Length: 2 mins
  • Podcast

Johnson & Johnson (JNJ) Outlook: Neutral to Bearish Sentiment Amid Forecasted Price Decline

  • Summary

  • **Johnson & Johnson (JNJ) Analysis**

    1. **Current Price and Intraday Trading Range**: As of the latest data, JNJ traded at $158.24, with an intraday high of $160.28 and an intraday low of $158.07.

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is provided in the available sources.

    3. **Trading Volume vs Average**: The trading volume is 95, which is not compared to the average in the provided sources.

    4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the available sources.

    5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes are mentioned in the provided sources.

    6. **Options Flow Activity**: No information on options flow activity is available in the provided sources.

    7. **Related Sector News**: Johnson & Johnson is a pharmaceutical and medical technologies company, not directly related to the semiconductor/AI sector. Thus, there is no relevant news affecting JNJ in this context.

    8. **Key Technical Indicators for Day Trading**:
    - **Price Movement**: JNJ has decreased by 1.18% from the previous close.
    - **Forecast**: Trading Economics forecasts JNJ to be priced at $156.26 by the end of this quarter and at $150.57 in one year.
    - **Market Sentiment**: The overall market sentiment seems neutral to slightly bearish, given the recent price decrease and forecasted decline.

    **Summary**: JNJ's current price is $158.24, with a recent decline of 1.18%. There are no significant news or analyst updates in the last 24 hours. The forecast suggests a potential decrease in price over the next quarter and year. Market sentiment is neutral to slightly bearish.
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