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

BHP Group Limited Utilizes Elliott Wave theory to Provide Detailed Insights into BHP Stock Trends, Price Predictions

BHP Group Limited Utilizes Elliott Wave theory to Provide Detailed Insights into BHP Stock Trends, Price Predictions

This comprehensive analysis of ASX: BHP Group Limited utilizes Elliott Wave theory to provide detail...

Read More >
NIFTY 50 (India) Index Elliott Wave Technical Analysis: In-Depth Market Trends & Predictions

NIFTY 50 (India) Index Elliott Wave Technical Analysis: In-Depth Market Trends & Predictions

This comprehensive NIFTY 50 analysis utilizes Elliott Wave theory to provide insights into the curre...

Read More >
The Home Depot (HD) Stocks Elliott Wave Technical Analysis: Focusing on its Bullish Momentum and Key Levels at $500 Target

The Home Depot (HD) Stocks Elliott Wave Technical Analysis: Focusing on its Bullish Momentum and Key Levels at $500 Target

This article provides an Elliott Wave analysis of The Home Depot (HD) stock, focusing on its bullish...

Read More >
DOTUSD Elliott Wave Technical Analysis: Polkadot Price Prediction, Technical Forecast, Fibonacci Retracement, and Trading Strategies

DOTUSD Elliott Wave Technical Analysis: Polkadot Price Prediction, Technical Forecast, Fibonacci Retracement, and Trading Strategies

DOT/USD with this comprehensive Elliott Wave analysis. Understand the Polkadot corrective wave struc...

Read More >
NASDAQ Tech Stocks Elliott Wave Analysis: Forecast for AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA & Bitcoin!

NASDAQ Tech Stocks Elliott Wave Analysis: Forecast for AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA & Bitcoin!

For in-depth NASDAQ Elliott Wave analysis, stay tuned as we navigate the anticipated market movement...

Read More >
Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 27 October 23

Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 27 October 23

Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis for 27 October 23 with 4-hour and daily...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

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

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

Gain a competive edge with expert insights in to:

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

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • 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