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 ((5)) targeting $271.37 or higher to extend January-2025 rally expected before. It favors rally in (3) of ((5)) from blue box area. Short term pullback in 3, 7 or 11 swings remain supported in 9 swing impulse rally.
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, ((4)) at $220.37 low & favors upside in ((5)). 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.
JNJ – Elliott Wave Daily View From 5.25.2026: 
Within ((4)), it ended (W) at $232.24 low (3.24.2026), (X) at $247.21 high (4.02.2026) & (Y) at $220.37 low (5.11.2026). It placed (1) at $232.13 high, (2) as flat at $220.84 low & favors (3) in five swings. Within (3), it placed 1 at $241.60 high, 2 at $227.50 low & favors 3 towards $261.1 – $269.1 area before 4 starts. It is trading in fifth swing & expect pullback to remain supported to continue higher. Buyers can buy intraday pullback in 4 or (4) for next leg higher. Once it breaks above $271.37, it can extend rally towards $305.3 in daily.
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. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.
