JNJ Weekly Technical Analysis
Johnson & Johnson
Global healthcare giant in pharma, medical devices, and consumer health
JNJ Technical Analysis Summary
JNJ has experienced a historic, parabolic multi-year breakout, reaching highs near 260 before initiating a sharp correction to work off extreme overbought conditions. Short-term momentum is firmly bearish as the stock has broken its 20-week SMA and MACD is expanding negatively. However, the long-term secular trend remains strongly bullish. Investors should watch for major support to hold in the 190-205 zone, where previous structural resistance converges with the rising 50-week SMA.
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JNJ Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The price has broken below the 20-week SMA and is forming consecutive red candles in a sharp pullback from recent highs. Momentum is negative, confirmed by a bearish MACD crossover and a falling RSI heading toward the 50 level.
Long-term Sentiment (weeks to months): Bullish
Despite the current sharp correction, the broader trend remains strongly positive following a massive multi-year breakout. The price is well above the rising 50-week and 200-week SMAs, which are in a bullish alignment.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-05-30T09:01:48.077Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $213.00 | $210.00 - $216.00 | Weak | Minor consolidation area during the recent parabolic advance. The lower Bollinger Band is also approaching this zone. |
| $197.50 | $190.00 - $205.00 | Strong | Major previous resistance zone (multi-year highs prior to the breakout) that should now act as strong support. The rapidly rising 50-week SMA is also entering this zone, providing strong confluence. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $234.00 | $233.00 - $235.00 | Strong | The 20-week SMA resides here, having recently been broken as support. It will likely act as dynamic resistance on any near-term bounce. |
| $258.50 | $255.00 - $262.00 | Strong | The recent all-time high zone. This represents major structural overhead supply. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Mean Reversion / Parabolic Correction | Bearish | $205.00 | After a massive, nearly vertical advance that pushed RSI into extreme overbought territory, the stock is undergoing a sharp, necessary correction to revert toward longer-term moving averages. |
| Strong | Multi-Year Base Breakout | Bullish | N/A | Zooming out, the recent parabolic move was the result of a massive breakout from a multi-year consolidation range (approx 140-190). The current pullback is structurally a retest of higher levels following that historic breakout. |
Frequently Asked Questions about JNJ
What is the current sentiment for JNJ?
The short-term sentiment for JNJ is currently Bearish because The price has broken below the 20-week SMA and is forming consecutive red candles in a sharp pullback from recent highs. Momentum is negative, confirmed by a bearish MACD crossover and a falling RSI heading toward the 50 level.. 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 $213.00 and $197.50. 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 74/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.