JNJCL trade ideas
It's time! This idea is being spiced up now!As a reminder: Based on 17 analysts offering 12 month price targets for JNJ in the last 3 months:
The average price target is $ 147
The maximum price target is $ 165
The lowest price target is $ 110
The entry into this idea is currently at $ 144.33.
What say the technical analysis methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The yellow circle on the 11th of October in the chart indicates a possible break-away GAP for me.
The 2nd yellow circle on October 30 in the chart could be closed in a counter-movement and serve as a catalyst in the short term.
The yellow line in the chart could be a short-term support.
The black line in the chart: The starting price of the idea is $140.33.
The red line in the chart: The stop-loss is $134 (GAP of October 11, 2017).
The green line in the chart: This is in my opinion a possible first turning point in the idea = first target at about 145 US-Dollar (high October 23).
The chart-based indicators such as RSI and MACD do not show a very positive picture, but a turnaround could be ushered in.
Conclusion:
Johnson & Johnson promises pure excitement! An entry into an idea is currently made and based on the fundamental data and the news! Stay on the pulse of this idea at nextmarkets.com.
Parameters of the idea - Start Course Idea: $140.33
Recent price: $140.33 (+ 0.00% of starting price)
Stop loss currently: $134 (-4.51% of starting price)
Take Profit: $ 165 (highest short)
This idea runs since today.
Disclosure:
“Both Wikifolio's, UMBRELLA (www.wikifolio.com) and FuTureUS (www.wikifolio.com ) can be invested in Panasonic Corporation.
The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
It's time! This idea is being spiced up now!As a reminder: Based on 17 analysts offering 12 month price targets for JNJ in the last 3 months:
The average price target is $ 147
The maximum price target is $ 165
The lowest price target is $ 110
The entry into this idea is currently at $ 144.33.
What say the technical analysis methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The yellow circle on the 11th of October in the chart indicates a possible break-away GAP for me.
The 2nd yellow circle on October 30 in the chart could be closed in a counter-movement and serve as a catalyst in the short term.
The yellow line in the chart could be a short-term support.
The black line in the chart: The starting price of the idea is $140.33.
The red line in the chart: The stop-loss is $134 (GAP of October 11, 2017).
The green line in the chart: This is in my opinion a possible first turning point in the idea = first target at about 145 US-Dollar (high October 23).
The chart-based indicators such as RSI and MACD do not show a very positive picture, but a turnaround could be ushered in.
Conclusion:
Johnson & Johnson promises pure excitement! An entry into an idea is currently made and based on the fundamental data and the news! Stay on the pulse of this idea at nextmarkets.com.
Parameters of the idea - Start Course Idea: $140.33
Recent price: $140.33 (+ 0.00% of starting price)
Stop loss currently: $134 (-4.51% of starting price)
Take Profit: $ 165 (highest short)
This idea runs since today.
Disclosure:
“Both Wikifolio's, UMBRELLA (www.wikifolio.com) and FuTureUS (www.wikifolio.com ) can be invested in Panasonic Corporation.
The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
Strong pharmaceutical growthJohnson & Johnson is an American multinational medical devices, pharmaceutical and consumer packaged goods manufacturing company. Includes more than 275 companies that sell its products in almost all countries of the world.
Newsflow:
Recently some good news for Johnson & Johnson!!! First of all, the Superior Court of California tossed the the record breaking cancer verdicts against J&J. This saves the company from a penalty payment up to 400 million US-Dollar.
Secondly, the company reported on October 17, 2017 Third-Quarter Results.
Sales of $19.7 Billion Increased 10.3% versus 2016. EPS was $1.37. Adjusted Third-Quarter EPS of $1.90 increased 13.1%.
Based on 17 analysts offering 12 month price targets for JNJ in the last 3 months:
The average price target of 147 US-Dollar
The maximum price target of 165 US-Dollar
The lowest price target of 110 US-Dollar
Today J&J’s stock price is about 142 US-Dollar a share.
Fundamental Data:
P/E ratio: 23.57 / Sales growth: 2.59% / Profit growth: 7.34% / Dividend: $3.15/2.21% (Source: teletrader).
Chart Tools:
What say the technical analysis methods I use?
Oscillator: The RSI of Johnson&Johnson breaks the overbought line and still forwarding in an upward direction. I consider this situation in short-term as slightly negative or neutral.
Trend indicator: In the chart with the yellow eclipse was marked the situation, when the MACD line crosses to the upside of the 9 EMA and that was a bullish opportunity setting up. MACD of Johnson&Johnson is still in the positive zone and rises above the 9-period EMA line and indicates an upward trend.
CONCLUSION:
Johnson & Johnson won on a court issue and saved 400 million US-Dollar !!!
Further, the company accelerated growth in the third quarter. This is driven by the strong performance of the Pharmaceutical business, and augmented by Actelion and other recent acquisitions across the enterprise that will continue to fuel growth, said Alex Gorsky, Chairman and Chief Executive Officer.
The fundamental growth of Johnson&Johnson is impressive! Chart-based indicators as RSI and MACD show more negative picture, because they both indicate an overbought situation for short-term traders.
Johnson & Johnson promises pure tension! An entry into a position-trade will be evaluated in the next few days depending on the chart situation!
Stay tuned for updates!
Disclosure:
“The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
JNJ - New all time highJNJ is at new all time high on nice earning
out of trading range with impruving volume
October 17 Earnings: Johnson&Johnson- Generic Competition GaloreJohnson & Johnson has been on an impressive intra-quarterly run with solid performance across major segments.
Strengths in the company's performance are to be driven by:
-Imbruvica and Darzalex should continue to perform well. Meaningful improvement from Stelara and Xarelto.
-New product launches like Tremfy (approved in the US late 2017 for plaque psoriasis)
-Revenue contribution from Swiss biotech Actelion, which J&J bought in June.
-Medical devices segment is expected to continue its strong growth trajectory with new product launches.
Weaknesses for the quarter are expected to be:
-Key arthritis drug Remicade to remain under pressure from generic competition.
-Invokana hurting from higher managed care discounting.
-Sluggish FDA review requiring more information before approving new drug treatments.
-Lawsuit from Pfizer to be clarified during the conference call.
Overall, I believe high expenses and generic competition will overcome the positives for the quarter.
I'm starting Johnson&Johnson with a $130 PT for the post earnings move with a tight but flexible 2.5% stop.
JNJ, waiting for the breakoutJNJ is consolidating the previous bullish movements by moving in a sideways parallel channel. If the stock breaks lower the minimum target is around 126 and if the bearish movement goes on the T2 would be around 122. If the stock breaks higher, then the target is around 144. The breakout must be confirmed by very high volume. If it doesn't, it may be a fakeout.
The informations and the strategies discussed are strictly for educational and illustrative purposes. They are not a
recommendation to buy, sell or trade any securities.
JNJ, a 75 cents risk daily bullish Bat Pattern. (MCD FTF trade)Both of JNJ and MCD are stocks that I want to have in my retirement portfolio, they are typical stocks that worth the easiest buy and hold strategy.
While it doesn't mean they are not tradable at all,since if I don't really want to risk 10-20% for a mid-term investment, I may turn to some tiny risk short-term trading opportunities.
Here JNJ got a daily bat pattern with a suggest entry near 130.30.
Also, 130 fig support itself is usually strong enough to rely on, so I would like to buy off the support with this 2 strategies' combination.
JNJ is a stock that worth more than 10% risk, if I can trade it with only 75 cents risk, I can trade much much more shares if I'm willing to risk the same amount of money. (for sure I won't risk as much though)
Of course less rooms mean lower winning percentage, and being stopped out in such a name with such tiny risk sounds silly.
While my purpose for day-trading is always to create longer term swing positions, and I don't mind if the trade failed as it's the risk I'm willing to lose, and it will be very good positions if the trade succeeds.
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On the other hand, the MCD 160 breakout is another trade that I'm very willing to get involved.
It has tried several times and consolidate a lot in front of it , which should accumulate much power for the breakout. 156.95 might be a good out for the swing trade with 162.95 1st kick.
160 level could be a intraday FTF trade (I believe no one knows FTF trade, since I invented it lol)
FTF trade: find a 5 minute or 15 minute out for the day traders who trade the breakout , put a buy limit 1:1 to their risk, put the out to the previous pivot low in the given time frame.
EX: if the potential out is 159.80, the 160 breakout's risk are 20 cents, so FTF trade will put a buy limit @ 159.60.
*the potential out is the out day traders may use if they are involved with the breakout, so think about where they will put the out to find the potential out.
Logic:
If the 1st try of the breakout fails, the traders who traded the breakout will be stopped out and it created extra, unnecessarily selling pressure that causes slippage.
The people who can benefit from the slippage are the people who already put their buy limit there.
It's a trade that I invented after suffering slippage a lot and I tried several times back then I day-traded a lot.
JNJ On the road to disaster due to $417 Million Lawsuit Loss?Fundamentals:
It seems Johnson & Johnson are on the road to disaster following a $417 Million Dollar verdict in baby powder case.
This is just the start of JNJs troubles as there are an incredible 4,800 Pending claims in the US Courts alone, over JNJs talc products.
The announcement from the article explains "LOS ANGELES—A jury on Monday awarded a woman with ovarian cancer $417 million in a case against Johnson & Johnson, the latest hit to the pharmaceutical company in widespread litigation over the alleged harms of its baby powder." - Sara Randazzo of the Wall Street Journal
Technicals:
After careful analysis, it seems that a WXY consolidation wave on the Intermediate period, has just completed and we may possibly see the start of an Impulse wave Down on the Intermediate time period, IF a breakout of structure occurs. Support and Resistance shows the possible formations during the downtrend.
Mustard and Ketchup EMAs have continued with the Uptrend since 2015 however due to the Fundamental issues facing JNJ, we can now expect a crossing of the Mustard, Ketchup EMAs with the Water EMA to confirm the downtrend move SHORT. Although TDI shows continued upwards band movement, RSI line shows close to overbought position above 60.0000.
In my opinion, I shall wait for more market data to occur, especially at market open to see if it will open with a GAP. If a GAP is present on Open today, that could be a precursor to future market sentiment as JNJ still has a whopping 4,800 pending claims to deal with and if the payouts are going to be in the vicinity of $400 Million, using this current case as a precendent, multiplied by 4,800 (in the USA alone - Not mentioning cases in other countries to be filed), I don't like the look of JNJs chances of surviving in the future. JNJ has enjoyed solid growth since the early 1990s, however putting customer's health at risk together with incompetent practices, usually equals a disaster which could be irrepairable. If price action breaks structure on the BLUE trendline (marked on my chart), I will start SHORTING this stock with large volume.
If price action breaches the RED trendline, another large volume will be shorted for maximum profit.
Informational Reference: Wall Street Journal
Article Here: www.wsj.com
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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