Johnson & Johnson (JNJ) engages in research & development, manufacture & sale of range of products in the healthcare sector worldwide. It operates through Innovative Medicine & MedTech. It comes under Healthcare sector & trades as “JNJ” at NYSE.
The JNJ favors rally in bullish sequence from January-2025 low & expect at least one or few more highs to extend rally. Buyers can look to enter the pullback in 3, 7 or 11 swings correction for next leg higher.
JNJ – Elliott Wave Latest Daily View:
In weekly, it ended (I) impulse at $186.69 high in April-2022 & (II) correction at $140.68 low in January-2025. The pullback in (II) as choppy double three structure. Within (II), it ended w at $150.11 low, x at $175.97 high & y at $140.68 low. Above April-2025 low, it ended ((1)) of I at $169.99 high, ((2)) at $141.50 low, ((3)) at $251.71 high & favors pullback in ((4)) in 3 or 7 swings (or triangle) correction. It is showing extended ((3)) sequence. In ((3)), it ended (1) at $159.44 high, (2) at $146.12 low, (3) at $215.19 high, (4) at $200.91 low & (5) at $251.71 high.
Currently, it favors pullback in ((4)) below 3.02.2026 high. It ended (A) of ((4)) at $235.43 low. Above there, it favors bounce in (B), which can retest March-2025 high before it may turn lower to correct (C) against 4.05.2026 low. Buyers can look for buy at extreme area in (C) of ((4)) & later in II correction. If it breaks above 3.02.2026 high, then it can be the part of (5) of ((3)). The ((4)) can possibly correct towards $225.85 or lower before another push higher resumes. Do not like selling it in any pullback as impulse from January-2025 low looks incomplete.
JNJ is not the part of regular service at EWF. But we provide time to time updates on instruments under blog section. 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 $0.99 (limited time offer). Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.
