Johnson Johnson Stock Technical Analysis

JNJ Stock  USD 162.12  0.74  0.46%   
As of the 3rd of March, Johnson Johnson retains the Risk Adjusted Performance of 0.0902, market risk adjusted performance of 0.1813, and Downside Deviation of 0.7961. Johnson Johnson technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Johnson Johnson, which can be compared to its competitors. Please check out Johnson Johnson information ratio, as well as the relationship between the potential upside and kurtosis to decide if Johnson Johnson is priced fairly, providing market reflects its last-minute price of 162.12 per share. Given that Johnson Johnson has jensen alpha of 0.0098, we strongly advise you to confirm Johnson Johnson's regular market performance to make sure the company can sustain itself at a future point.

Johnson Johnson Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Johnson, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Johnson
  
Johnson Johnson's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Johnson Johnson Analyst Consensus

Target PriceAdvice# of Analysts
168.46Buy22Odds
Johnson Johnson current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Johnson analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Johnson stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Johnson Johnson, talking to its executives and customers, or listening to Johnson conference calls.
Johnson Analyst Advice Details
Johnson Johnson technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Johnson Johnson technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Johnson Johnson trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Johnson Johnson Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Johnson Johnson volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Johnson Johnson Trend Analysis

Use this graph to draw trend lines for Johnson Johnson. You can use it to identify possible trend reversals for Johnson Johnson as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Johnson Johnson price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Johnson Johnson Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Johnson Johnson applied against its price change over selected period. The best fit line has a slop of   0.06  , which may imply that Johnson Johnson will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 148.01, which is the sum of squared deviations for the predicted Johnson Johnson price change compared to its average price change.

About Johnson Johnson Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Johnson Johnson on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Johnson Johnson based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Johnson Johnson price pattern first instead of the macroeconomic environment surrounding Johnson Johnson. By analyzing Johnson Johnson's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Johnson Johnson's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Johnson Johnson specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2017 2018 2023 2024 (projected)
Long Term Debt to Equity0.510.350.380.33
Interest Coverage33.52179.9630.1744.88

Johnson Johnson March 3, 2024 Technical Indicators

Most technical analysis of Johnson help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Johnson from various momentum indicators to cycle indicators. When you analyze Johnson charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Johnson Johnson is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Johnson Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Johnson Johnson Stock. Highlighted below are key reports to facilitate an investment decision about Johnson Johnson Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Johnson. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Johnson Stock please use our How to buy in Johnson Stock guide.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Johnson Stock analysis

When running Johnson Johnson's price analysis, check to measure Johnson Johnson's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Johnson Johnson is operating at the current time. Most of Johnson Johnson's value examination focuses on studying past and present price action to predict the probability of Johnson Johnson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Johnson's price. Additionally, you may evaluate how the addition of Johnson Johnson to your portfolios can decrease your overall portfolio volatility.
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Is Johnson Johnson's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Johnson Johnson. If investors know Johnson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Johnson Johnson listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.106
Dividend Share
4.7
Earnings Share
5.2
Revenue Per Share
33.613
Quarterly Revenue Growth
0.073
The market value of Johnson Johnson is measured differently than its book value, which is the value of Johnson that is recorded on the company's balance sheet. Investors also form their own opinion of Johnson Johnson's value that differs from its market value or its book value, called intrinsic value, which is Johnson Johnson's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Johnson Johnson's market value can be influenced by many factors that don't directly affect Johnson Johnson's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Johnson Johnson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Johnson Johnson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Johnson Johnson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.