Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States, Europe, Asia -Pacific & internationally. It operates in four segments like Building Solutions in North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific & Global products. It comes under Industrials sector & trades as “JCI” ticker at NYSE.
JCI is showing bullish weekly sequence confirming higher high in impulse. It favors upside in nest & we look to buy the pullback in 3, 7 or 11 swings against April-2025 low.
JCI – Elliott Wave Latest Weekly View: 
Since July-2002, it placed (I) at $46.17 high in November-2016 & (II) at $22.77 low in March-2020 low. Above (II) low, it placed I of (III) at $81.77 high in December-2021 & II at $45.52 low in July-2022 low. Currently, it favors upside in ((3)) of III of (III) against April-2025 low. Within I, it ended ((1)) at $31.34 high, ((2)) at $26.23 low, ((3)) as extended wave at $81.15 high, ((4)) at $74.36 low & finally ((5)) at $81.77 high. It ended II in zigzag, where placed ((A)) at $59.82 low, ((B)) at $67.99 high & ((C)) at $45.52 low in blue box area. Above July-2022 low, it placed ((1)) of III at $91.14 high & ((2)) at $68.03 low in April-2025.
Within ((1)) of III, it ended (1) at $69.60 high, (2) at $47.90 low, (3) at $87.16 high, (4) at $75.32 low & (5) at $91.14 high in February-2025 high. In ((2)) double three structure, it ended (W) at $76.60 low, (X) at $85.10 high & (Y) at $68.03 low in blue box area before rally continue in ((3)). Within (1) sequence, it placed 1 at $79.93 high, 2 at $73.55 low & favors upside in 3. Currently, it favors rally in 3, which soon will finish before correcting in wave 4. We like to buy the pullback in 3, 7 or 11 swings at extreme area in (2) against April-2025 low. The next leg in weekly sequence is targeting between $113.7 – $142 area from April-2025 low.
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Back
