Will the Johnson and Johnson stock price continue to fall?

Johnson & Johnson Technical Analysis Summary

Sell ​​Stop Below 166.95.

Stop Loss: Above 171.82.

Indicator Signal
IRS To buy
MACD Sale
Donchian Channel Sale
MA(200) Buy Fractals Sale
Parabolic SAR Sale
Fibonacci Sale

Johnson & Johnson chart analysis

Technical analysis of the Johnson & Johnson stock price chart for the daily time frame shows #S-JNJ, Daily falling after breaking above the 200-day moving average MA (200) and falling below support . The RSI is however in the oversold areas. We believe the bearish momentum will resume after price action breaks the lower Donchian boundary at 166.95. This level can be used as an entry point to place a pending sell order. The stop loss can be placed above 171.82. After placing the order, the stop loss should be moved daily to the next fractal high, following the signals from the parabolic indicator. Thus, we modify the expected profit/loss ratio to the break-even point. If the price reaches the stop loss level (171.82) without reaching the order (166.95), we recommend to cancel the order: the market has undergone internal changes which have not been taken into account.

Fundamental Equity Analysis – Johnson & Johnson

Johnson & Johnson has announced that it will discontinue talc-based baby powder in 2023. Will Johnson & Johnson stock price continue to decline?

Johnson & Johnson is an American company that develops, manufactures and sells various healthcare products worldwide. Its market cap is $434.4 billion. The stock trades at a P/E (Trailing Twelve Months) ratio of 24.33 currently, company revenue (ttm) was $95.6 billion, while return on equity ( ttm) was 25.17% and the return on assets (ttm) was 8.9%. Johnson & Johnson has announced that it will stop selling talc-based baby powder globally in 2023. J&J faces more than 40,000 lawsuits over its talc-based products, which allege its products talcum powder contains cancer-causing asbestos. J&J has established a $2 billion trust to resolve these claims, and has allocated a stream of royalty income currently worth more than $350 million to supplement the fund. The stock price closed down 1.1% in the day following the announcement.


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Karen J. Nelson