Johnson & Johnson near highs, signal strength fading
Johnson & Johnson gains 4.1%, nears highs as signal strength keeps fading
Johnson & Johnson near highs, signal strength fading
Our view last week
Johnson & Johnson's stock slips 1.5% this week, a lighter step than last week's -2.3%, but the weekly technical analysis tells the same story: buy signal strength holds flat at 27 out of 100, with sellers still in control of daily volume. Price is boxed between two short-term averages, while earnings from July 15 are now behind it. The trade, in its 5th week, is down to a 5.05% gain since entry, from 6.69% last week.
This week's summary
Johnson & Johnson stock closes the week up 4.1%, bouncing 5% off its own 20-day moving average with buyers controlling 92% of daily volume. The price is back within a step of its all-time highs, but Signal Strength stays low, at 27 out of 100, and keeps fading: our weekly technical analysis reads an uptrend that holds direction without full conviction.
IQS Phase
79
in tension
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#118 / 124
US stocks in progress
Trade P&L %
+9.35%
from signal to today
Rank position
ranks 118th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly +0.92% · monthly +6.01%
JNJ belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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