• Johnson & Johnson Stock Analysis: Bearish Sentiment, Technical Levels to Watch

  • Nov 11 2024
  • Length: 3 mins
  • Podcast

Johnson & Johnson Stock Analysis: Bearish Sentiment, Technical Levels to Watch

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  • Summary

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

    1. **Current Price and Intraday Trading Range:**
    - Current price: $156.73[3].
    - Intraday high: $158.75, intraday low: $156.37[3].

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

    3. **Trading Volume vs Average:**
    - Volume: 1,866, which is lower than the typical average volume, indicating reduced trading activity[3].

    4. **Recent News or Announcements:**
    - No significant news or announcements in the last 24 hours mentioned in the provided sources.

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

    6. **Options Flow Activity:**
    - No specific options flow activity data provided in the sources.

    7. **Related Sector News:**
    - Johnson & Johnson is a healthcare company, not directly related to the semiconductor/AI sector. Thus, no relevant news from these sectors affects JNJ directly.

    8. **Key Technical Indicators for Day Trading:**
    - **52 Week High/Low:** $168.85 / $143.17[5].
    - **TTM PE:** 15.37, **TTM EPS:** 10.24, **Dividend Yield:** 2.88%[5].
    - **Short-term Returns:** 1 Week: -3.82%, 1 Month: -2.72%, 3 Months: -0.23%, YTD: 0.43%, 1 Year: 6.11%[5].
    - **Market Sentiment:** Very Bearish, based on technical ratings[5].
    - **Pivot Levels:** Classic - R1: 159.54, R2: 161.00, R3: 161.72, PP: 158.82, S1: 157.36, S2: 156.64, S3: 155.18[5].

    **Summary:**
    Johnson & Johnson (JNJ) is currently trading at $156.73 with a bearish market sentiment. The stock has seen a decline in the short term, with a 1-week return of -3.82% and a 1-month return of -2.72%. Key technical indicators suggest potential support levels at $157.36 and $156.64, with resistance at $159.54 and $161.00. The company's TTM PE is 15.37, and the dividend yield is 2.88%. Given the lack of recent news or analyst updates, traders should focus on technical analysis and broader market trends for trading decisions.
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