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 (JNJ) fell 0.16% in the last session with negative signals from the RSI while venting off overbought saturation, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 172.70, provided it holds above 167.40.
Expected trend for today: Bullish