The Johnson & Johnson stock is showing mixed signals from its short-term and long-term moving averages. The short-term average suggests a sell signal, while the long-term average indicates a buy signal. Since the short-term average is higher than the long-term average, an overall buy signal is present, suggesting a positive outlook. The stock might encounter resistance at around $173.04 on further gains and find support near $167.54 from the long-term average on declines. A break above the short-term average would signal a buy, while a break below the long-term average would signal a sell. Negative signals include a recent pivot top sell signal and a sell signal from the 3-month Moving Average Convergence Divergence (MACD). Despite this, the stock's controlled movements and good liquidity contribute to a low-risk assessment. Support from accumulated volume is around $172.39.
For the upcoming trading day on Monday, the stock is expected to open around $172.60 and move between $169.53 and $175.45 based on the 14-day Average True Range, indicating a possible trading range of approximately +/- $2.96. The stock is closer to support than resistance, making the risk/reward profile attractive for intraday trading.
Insiders have been buying more shares than selling, indicating a positive sentiment. Over the last 100 trades, a significant amount of shares were bought compared to those sold, suggesting potential upside. However, larger purchases might be influenced by stock options' due dates.
Considering various short-term signals and the overall trend, there is a favorable outlook for Johnson & Johnson stock in the short term, with potential for positive performance.