Johnson & Johnson — Week 6 · sell signal
JNJ: the decline loses momentum, but the short path remains blocked
Johnson & Johnson — Week 6 · sell signal
In Summary
Johnson & Johnson is at week 6 of a sell signal. The latest week closed up 3.3% with buying volume at 83%: the bearish front is losing steam, and a double bottom has formed in the 221 area on the daily chart. The quality band flags trading not recommended — the stock still trades 31% above its 200-week moving average.
Ongoing decline
·6th week from start
·US stocks
·T2
IQS Phase
51
ordinary
Signal Strength
40
shallow weekly drop
Sizing
REDUCED
Ranking
#85 / 96
US stocks
Trade P&L %
-2.32%
from signal to today
restricted Platinum content