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Johnson & Johnson: buy signal launched, strength still building

Johnson & Johnson issues a fresh buy signal on BATS. Strength at 38 out of 100 and 12th out of 13 fresh US Longs: the case is tradeable but lacks full conviction. Confirmation week still in progress.

In Summary
Johnson & Johnson issues a fresh buy signal at week 1 on BATS. Signal strength stands at 38 out of 100 — medium, leaning weak — and the stock ranks 12th among 13 fresh US Long signals. The Health Care sector is in a positive regime. The case is tradeable, but the model calls for reduced sizing and the confirmation week is still in progress.
Fresh BUY ·1st week from start ·US stocks ·T1
IQS Phase
41
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#12 / 13
New us stocks
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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