Johnson & Johnson (JNJ) Stocks Elliott Wave Technical Analysis

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JNJ Elliott Wave Analysis Trading Lounge Daily Chart,

Johnson & Johnson, (JNJ) Daily Chart 

JNJ Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive  

STRUCTURE: Motive 

POSITION: Wave {iii} of 1.    

DIRECTION: Upside into wave 1.  

DETAILS: Looking for a top in wave {iii} soon as the subdivision seems to have provided us with a five wave move within {iii}.

JNJ Elliott Wave Analysis Trading Lounge 1H Chart,

Johnson & Johnson, (JNJ) 1H Chart 

JNJ Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive  

STRUCTURE: Motive 

POSITION: Wave (v) of {iii}.  

DIRECTION: Upside in wave v of (v). 

DETAILS: We seem to have a triangle in wave iv, which means we could see upside within wave v during today’s session, as it has also been developing just below 165$.

This Elliott Wave analysis for Johnson & Johnson (JNJ), provides insights into the stock's trend direction and potential price movements on both the daily and 1-hour charts. The analysis helps traders understand the market structure and potential trading opportunities.

* JNJ Elliott Wave Technical Analysis – Daily Chart* 

JNJ appears to be in the latter stages of wave {iii} of 1. The structure shows a five-wave subdivision within wave {iii}, indicating that the wave might be nearing its top. A completion of wave {iii} will likely be followed by a corrective wave {iv} before further upside in wave {v}. 

* JNJ Elliott Wave Technical Analysis – 1H Chart* 

The 1-hour chart suggests that JNJ is within wave (v) of {iii}. There appears to be a triangle pattern forming in wave iv, which typically indicates a consolidation before the final move upward. This pattern suggests that JNJ could see further upside in wave v of (v), potentially breaking above the 165$ level during today's trading session.

Technical Analyst : Alessio Barretta

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