Simply

Billion

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>JNJ stock price fell by 0.57% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>Johnson $ Johnson. ( NYSE: JNJ) stock’s 52-week price range is $149 – $181.</a> </li> 
</ul> 
<p>While the Pharmaceuticals industry’s earnings increased by 14.8% per year on average, Johnson &amp; Johnson’s earnings grew at 17.9% annually. As reported by Simply Wall St., a website that offers financial insights and analysis, the company’s revenues also rose moderately, at an average annual rate of 4.4%. The company has a return on equity of 18% and net margins of 13.2%.</p> 
<p>The company’s debt-to-equity ratio is 74.7%, as its total shareholder equity is $70.9 Billion and its total debt is $52.9 Billion. Its total assets and liabilities, as reported by Simply Wall St., are $196.0 Billion and $125.1 Billion, respectively. The company has an EBIT of $26.2 Billion, which gives it an interest coverage ratio of -118.1. It also has $24.6 Billion in cash and short-term investments.</p> 
<p>The market capitalization of JNJ stock is $413.381 Billion, and the total revenue is $95.02 Billion. Moreover, the stock’s basic EPS is $4.85, and the price-to-earnings ratio is 33.43. Moreover, the average volume is 6.775 Million, and the current volume is 5.488 Million; the current volume is below average.</p> 
<p>Moreover, the stock fell by -3.29% this month, and it dropped by -7.33% in the last six months. Johnson &amp; Johnson (NYSE: JNJ) stock has a negative year-to-date return of -9.70% and a negative 1-year return of -10.49%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-jnj-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of JNJ Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that JNJ <a href="https://www.thecoinrepublic.com/2023/07/18/bhp-group-stock-price-prediction-will-bhp-rally-show-momentum/" target="_blank" rel="noopener noreferrer nofollow">stock</a> price ( NYSE: JNJ) began to decline in 2023, creating lower lows and lower highs. JNJ’s price dropped by about 17% in three months, from $181 to $149, reaching a demand zone. Then, JNJ stock price bounced back from the demand zone at $149 by March 24th and climbed by about 12%, reaching $167.</p> 
<p>However, this level was strong resistance, and the price pulled back. The price tried to break the $167 resistance several times, but the bears held their position firmly. The price took multiple pullbacks and found support on the trendline. The stock price is trading at $159.88 at the time of publishing.&nbsp;</p> 
<p>Moreover, in the larger picture – in the one-day time frame – the stock price seems to be forming a rising wedge pattern, which is a bearish sign. A downward movement in the long term might be witnessed and hit the nearest support levels at $153 and $150, respectively. To rise upwards, the stock needs to attract more buyers, or it might face more downward pressure.</p> 
<figure class="wp-block-image aligncenter size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="460" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-1024x460.webp" alt="Technical Analysis of JNJ Stock" class="wp-image-152790" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-1024x460.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-300x135.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-768x345.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-1536x690.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-750x337.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-1140x512.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption">
   Source: JNJ.1D.NYSE by TradingView 
 </figcaption> 
</figure> 
<p>JNJ Stock Price ( NYSE: JNJ) trades below the 20, 50, 100, and 200-day EMAs (exponential moving average), rejecting the price trend. Hence, the JNJ Price will move downwards, giving bearish views over the daily time frame chart.<br></p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="460" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-1024x460.webp" alt="Technical Analysis of JNJ Stock Price in 1-D" class="wp-image-152789" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-1024x460.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-300x135.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-768x345.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-1536x689.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-750x337.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D-1140x512.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/07/Technical-Analysis-of-JNJ-Stock-Price-in-1-D.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: JNJ.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><br>The current value of RSI is 47.80 points. The 14 SMA is below the median line at 48.33 points, indicating that the price is bearish as the RSI is in bearish territory.</p> 
<p>The MACD line at 0.4869 and signal line at 0.0564 are below the zero line, and a bearish crossover was observed in the MACD oscillator, which signals more bearishness for the JNJ Stock.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>JNJ Stock Price shows that the investors and traders of the stock are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical parameters of the JNJ Stock also support the bearish trend. The major indicators MACD, RSI, and EMA give negative signals and imply that the downtrend may continue in Johnson’s $ Johnson stock price.</p> 
<h5 class="wp-block-heading"><strong><strong>Technical Levels</strong></strong></h5> 
<ul> 
 <li>The nearest support levels: $153 and $150.</li> 
 <li>The nearest resistance levels: $167 and $170.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

JNJ Stock Price Prediction: JNJ Stock, Will It Rise Or Fall?

Table of Contents

Thecoinrepublic.com

Other articles published on Jul 19, 2023

Kennedy’s Bold Plan: Backing the US Dollar with Bitcoin for Global Stability

CoinMarketCap Releases Intriguing H1 2023 Report on Crypto Market

Pomerium expands Ecosystem with Focus on BNB Chain

Raydium Starts Support for the Exclusive Standard Named Token-2022

Shiba Inu (SHIB) Holders Amazed As DigiToads (TOADS) Asserts Dominance In The Crypto Meme Coin Ma...

Terra Blockchain Successfully Upgrades to v2.4, Boosting LUNA Adoption

Join our free newsletter for daily crypto updates!