28Mar

Johnson & Johnson (JNJ) Stock Analysis: Elliott Wave Forecast, Bullish Trend Insights, Daily & 1-Hour Chart Breakdown

JNJ Elliott Wave Forecast – TradingLounge Daily and 1-Hour Chart Analysis

This Elliott Wave analysis of Johnson & Johnson (JNJ) combines insights from both the daily and 1-hour charts. Using Elliott Wave Theory, the objective is to analyze JNJ stock price trends and forecast potential future market movements.


Johnson & Johnson (JNJ) Elliott Wave Forecast – TradingLounge Daily Chart

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {v} of 1

Direction: Uptrend within wave {v}

Details:

The current Elliott Wave pattern suggests a continuation of the upward trend in wave {v}, with one final leg higher still anticipated to complete the five-wave structure. The upside target is projected near $180, aligning with the completion of Market Geometry Level 2 (MG2).

Daily Chart Summary:

Wave {v} of the impulsive structure appears incomplete, indicating potential for additional upward movement. The $180 resistance level serves as the target for the end of this bullish phase. The trend remains positive until wave {v} reaches completion.

Johnson-Johnson-1d-u...


Johnson & Johnson (JNJ) Elliott Wave Forecast – TradingLounge 1-Hour Chart

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave i of (i)

Direction: Bullish continuation in wave (i)

Details:

The analysis focuses on the internal subdivision within wave {v}. Currently, there is price equality between waves {ii} and {iv}, a common target zone for wave {iv} retracements. Market participants are watching for confirmation of a new upward leg within wave (i).

1-Hour Chart Summary:

Wave structure analysis indicates a probable low in wave {iv}, as symmetry between waves {ii} and {iv} has been achieved. A break above the current level would support the case for further upside in wave (i) of the ongoing bullish trend.

Technical Analyst: Alessio Barretta

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

Previous: TJX Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Johnson-Johnson-1h-u...

Related

Commodity Markets: BITCOIN BONDS YIELDS DOLLAR GOLD SILVER ORE OIL COPPER GAS Elliott Wave Analysis

Commodity Markets: BITCOIN BONDS YIELDS DOLLAR GOLD SILVER ORE OIL COPPER GAS Elliott Wave Analysis

Best trades are gold / silver see video as these are not set up as yet. Bitcoin Wave 3 trend is stro...

Read More >
COCHLEAR LIMITED COH Elliott Wave Analysis Forecasts Wave 3 Rally With $300/$350 Targets & $246.52 Invalidation – ASX Strategy

COCHLEAR LIMITED COH Elliott Wave Analysis Forecasts Wave 3 Rally With $300/$350 Targets & $246.52 Invalidation – ASX Strategy

Elliott Wave analysis of COCHLEAR LIMITED (ASX:COH) highlights completion of Wave 2 correction with ...

Read More >
Berkshire Hathaway Inc.(BRK.B:NYSE) Elliott Wave Technical Analysis 10 November 23

Berkshire Hathaway Inc.(BRK.B:NYSE) Elliott Wave Technical Analysis 10 November 23

Berkshire Hathaway Inc.(BRK.B:NYSE) Elliott Wave Technical Analysis 10 November 23 shows Stock Marke...

Read More >
Caterpillar Inc.(CAT) Stocks Elliott Wave Technical Analysis: Highlights key Fibonacci retracement levels and potential reversal points

Caterpillar Inc.(CAT) Stocks Elliott Wave Technical Analysis: Highlights key Fibonacci retracement levels and potential reversal points

Our Elliott Wave analysis of Caterpillar Inc. (CAT) stock provides traders with detailed insights in...

Read More >
Silver (XAGUSD) Elliott Wave Analysis: Price Forecast, Technical Trends, Market Outlook, and Trading Insights for January 2025

Silver (XAGUSD) Elliott Wave Analysis: Price Forecast, Technical Trends, Market Outlook, and Trading Insights for January 2025

Silver price trends and Elliott Wave analysis, detailing the ongoing bearish correction and its impa...

Read More >
Unlocking Market Insights: AUDUSD Elliott Wave Analysis Reveals Strategic Opportunities

Unlocking Market Insights: AUDUSD Elliott Wave Analysis Reveals Strategic Opportunities

Discover key market insights with our latest analysis! Explore the AUDUSD Elliott Wave Technical Ana...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on