• Johnson & Johnson Stock Analysis: Bearish Market Signals Ahead

  • Nov 14 2024
  • Length: 2 mins
  • Podcast

Johnson & Johnson Stock Analysis: Bearish Market Signals Ahead

Listen for free

View show details

  • Summary

  • **Johnson & Johnson (JNJ) Stock Analysis**

    1. **Current Price and Intraday Trading Range**: As of November 8, 2024, JNJ's current price is $156.73, with a high of $158.75 and a low of $156.51 during the day[1].

    2. **Pre-market and After-hours Movement**: No recent pre-market or after-hours data is available in the provided sources.

    3. **Trading Volume vs Average**: The trading volume on November 7, 2024, was 7,510,343, which is slightly below the average volume seen in the previous days[1].

    4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the provided sources.

    5. **Major Analyst Updates or Price Target Changes**: The average price target offered by analysts is $176.22 for the next year, indicating a potential upside of +15.45%[2].

    6. **Options Flow Activity**: No information on options flow activity is available in the provided sources.

    7. **Related Sector News**: Johnson & Johnson is a pharmaceutical company and not directly related to the semiconductor/AI sector. However, its AI Score from Danelfin AI suggests a sell rating due to a -1.00% probability advantage of beating the market in the next 3 months[2].

    8. **Key Technical Indicators**:
    - **Price to Book Value**: 5.235 as of November 13, 2024[4].
    - **RSI SLOPE 90d**: -0.31, indicating a potential downtrend[2].
    - **MACD 90d**: -2.01, suggesting a bearish signal[2].
    - **MOM 18d**: -11.83, indicating a strong downward momentum[2].

    **Market Sentiment**: The overall market sentiment based on the AI Score and technical indicators is bearish, suggesting that it might not be a good time to buy JNJ stock. The stock is expected to fall -3.54% during the next 3 months, with a 90% probability of holding a price between $135.00 and $146.83[5].
    Show More Show Less
Show More Show Less

What listeners say about Johnson & Johnson Stock Analysis: Bearish Market Signals Ahead

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.