JNJ Weekly Technical Analysis
Johnson & Johnson
Global healthcare giant in pharma, medical devices, and consumer health
JNJ Technical Analysis Summary
JNJ recently experienced a massive, historic breakout from a multi-year consolidation phase, establishing a strongly bullish long-term trend confirmed by rising 50-week and 200-week SMAs. However, the vertical nature of the run led to extreme overbought conditions. Currently, the stock is in a sharp short-term corrective phase, evidenced by a bearish MACD cross and plunging RSI. Investors should watch for the price to find support around the 20-week SMA near 227-230, or potentially lower near 200, before the longer-term uptrend can resume.
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JNJ Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The stock is currently undergoing a sharp pullback from a major peak. The RSI has fallen steeply out of extreme overbought territory (>80), and the weekly MACD has formed a bearish crossover with a negative histogram, indicating a loss of short-term momentum.
Long-term Sentiment (weeks to months): Bullish
Despite the current sharp correction, the long-term structure remains highly bullish. The price recently staged a massive breakout from a multi-year consolidation base. Furthermore, the 50-week and 200-week SMAs are trending upward, and the price remains significantly above them.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-04-18T09:04:35.885Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $227.50 | $225.00 - $230.00 | Moderate | Near-term support zone aligning with a prior brief consolidation area on the way up and the rising 20-week SMA (currently ~227). |
| $200.00 | $195.00 - $205.00 | Strong | Major structural support zone. This area contains a previous consolidation phase and psychological round numbers, and the rising 50-week SMA is rapidly approaching this level. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $258.50 | $255.00 - $262.00 | Strong | The recent all-time swing high and peak of the parabolic advance. This will act as formidable resistance on any attempted re-test. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Base Breakout | Bullish | N/A | The stock traded in a wide, choppy range for several years before exploding upward in a massive, sustained breakout run. |
| Strong | V-Top Reversal / Mean Reversion | Bearish | N/A | After a near-parabolic vertical ascent, the price formed a sharp peak and is now aggressively reverting back toward its moving averages. |
Frequently Asked Questions about JNJ
What is the current sentiment for JNJ?
The short-term sentiment for JNJ is currently Bearish because The stock is currently undergoing a sharp pullback from a major peak. The RSI has fallen steeply out of extreme overbought territory (>80), and the weekly MACD has formed a bearish crossover with a negative histogram, indicating a loss of short-term momentum.. The long-term trend is classified as Bullish.
What are the key support levels for JNJ?
StockDips.AI has identified key support levels for JNJ at $227.50 and $200.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is JNJ in a significant dip or a Value Dip right now?
JNJ has a Value Score of 59/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.