Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Johnson & Johnson's stock fell 0.72% in the last session while gathering momentum to help it rise anew, as it vented off overbought saturation from the RSI, amid the dominance of the upward trend in the medium and short terms, while buoyed by exiting a descending price channel that guided recent trading, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance at 145.18, provided it holds above 144.90.
Expected trend for today: Bullish