Johnson & Johnson tries to vent off oversold saturation - Analysis - 06-12-2021

2021-12-06 11:48:24 GMT (Economies.com)
 

Johnson & Johnson's stock (JNJ) rose 1.46% in the last session while trying to vent off oversold saturation in the RSI amid positive signals out of them, settling at 159.38, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 151.50, provided the support of 156.45 was breached.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1285
-0.0012
0.1098%
1.3491
0.0013
0.0998%
Tadawul
12108.56
56.61
0.47%
23.812
-0.004
0.017%
85.060
1.519
1.818%
87.94
1.62
1.88%
1849.470
10.005
0.544%
 
 
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