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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