Johnson & Johnson stock price will rise, preference – product or stock?

Johnson & Johnson stock price hedged volatility in the live trading session due to range-bound trading. Sellers and buyers are present here but at first look weaker than bulls. NYSE: JNJ stock price has outperformed from its demand zone, resulting in a market capitalization of $453.5 billion, reported in a November 17 letter.

On November 18, Johnson & Johnson Corporation released its third quarter results and earnings to the market. In that report, revenue rose 1.94% to 23.79 billion, and a 21.5% increase in net profit impressed market bulls. Afterall Digital Assets recorded growth of 6.49% in October. Right now, buyers are pulling the third strong green candle on the monthly chart.

Source: commercial view

Although, on Nov. 17, investors were struggling with mild market weakness. The Dow was 0.02% red at 33,546, which was not a major decline. Notably, the S&P 500 and the Nasdaq both fell more than 0.30%. Despite the fact, the buyers managed to close Johnson and Johnson stock price green 0.81% at $174.86.

JNJ stock price technical analysis

According to the daily timeframe, Johnson and Johnson stock price fluctuates within the narrow horizontal range of $168-$175 support to resistance. Immediate support is unreliable in the long term, but the $175 level turned out to be a key resistance and buyers were often rejected at this point.

Although trading volume is declining amid a positive season, last night it reported 4.46 million fell from 5.501 million. The bulls need to make new desires to improve the Johnson and Johnson stock price above the resistance.

On the daily price chart, the buyers are holding JNJ stock price above the 200-day EMA, acting as a pumping zone. Additionally, the RSI indicator took support at the half line (50 points) and turned towards the overbought zone.


Johnson & Johnson stock price performed well in October. If the bulls return to the $175 level as support, there are chances for decent returns this month. In the end, the traditional indicators favor the NYSE bull market: JNJ share price.

Support level – $168 and $155

Resistance level – $175 and $200


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Steve Anderson
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