JNJ 2020-09-23 Technical Analysis and Forecast


JNJ Report

Sample Size: 4; Percent Error: 25%

Current Trend Performance

JNJ is -6.5% from monthly high, 2.81% from monthly low, -1.77% from 10 day simple moving average, -3.16% from 20 day simple moving average, and -3.04% from 50 day simple moving average.

Forecast Ranges

Day 1:
The highs are 152.38, the lows are 142.88, and the median is 147.63. 50.0% to decrease between -4.66% - 0%. 25.0% to increase between 0% - 4.66%. 25.0% to increase between 4.66% - 9.32%.
Day 2:
The highs are 150.89, the lows are 142.01, and the median is 146.45. 50.0% to decrease between -4.66% - 0%. 50.0% to increase between 0% - 4.66%.
Day 3:
The highs are 150.94, the lows are 141.47, and the median is 146.2. 50.0% to decrease between -4.66% - 0%. 50.0% to increase between 0% - 4.66%.
Day 4:
The highs are 150.99, the lows are 139.87, and the median is 145.43. 50.0% to decrease between -4.66% - 0%. 50.0% to increase between 0% - 4.66%.
Day 5:
The highs are 150.29, the lows are 140.3, and the median is 145.3. 50.0% to decrease between -4.66% - 0%. 50.0% to increase between 0% - 4.66%.
Day 6:
The highs are 147.95, the lows are 139.51, and the median is 143.73. 75.0% to decrease between -4.66% - 0%. 25.0% to increase between 0% - 4.66%.
Day 7:
The highs are 148.43, the lows are 132.15, and the median is 140.29. 25.0% to decrease between -9.32% - -4.66%. 50.0% to decrease between -4.66% - 0%. 25.0% to increase between 0% - 4.66%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 137.71, because of monthly low, and 141.07. There is possible resistance range between 147.81 and 151.17, because of 50 day SMA. Areas of uncertainty are beyond 134.5 and beyond 154.69. Minimum movement range is 4.66%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.