JNJ technical analysis

• – Price vs EMA20: the latest weekly close is 261.44, which is above EMA20 at 257.33 by 1.60%.
• – Price vs EMA50: the latest weekly close is 261.44, which is above EMA50 at 237.23 by 10.20%.
• – Price vs EMA200: the latest weekly close is 261.44, which is above EMA200 at 193.64 by 35.01%.
• – EMA stack: bullish, because EMA20 > EMA50 > EMA200. This describes trend structure, not entry timing.
• – Cross event: the last EMA50/EMA200 cross was a golden cross on 2025-09-22, 55 bars ago.

What would change this read

• – A weekly close below "257.33" would remove the current above-EMA20 condition.
• – A weekly close below "237.23" would remove the current above-EMA50 condition and weaken the bullish stack.
• – A weekly close below "193.64" would remove the current above-EMA200 condition and break the long-term bullish structure.

MACD vs signal line

• – MACD: 8.64
• – Signal: 10.30
• – Relationship: below the signal line, which is a bearish posture.
• – Last signal-line crossover: bearish on 2026-09-28, 2 bars ago.

Histogram

• – Histogram: -1.6594.
• – Sign: negative.
• – Momentum: decelerating over the last 4 bars, because the histogram’s 4-bar change is -2.0349.

Zero-line position

• – MACD is above zero.
• – Last zero-line cross: bullish on 2025-07-14, 65 bars ago.
• – This is a separate signal from the signal-line crossover: the MACD is still above the zero line on a longer weekly horizon even though it is currently below its signal line.

Divergence checks

• – Bearish divergence check: nothing was found. The last two price pivots were 2026-08-31 close 275.23 / macd 12.278 to 2026-09-21 close 271.22 / macd 11.6308.
• – Bullish divergence check: nothing was found. The last two price pivots were 2026-09-07 close 265.58 / macd 11.8619 to 2026-09-28 close 256.03 / macd 10.1913.

What would change this read

• – A move where MACD gets back above 10.295 would reverse the current MACD-versus-signal posture.
• – A histogram move from -1.6594 to a positive reading would flip momentum back to positive.
• – A zero-line move away from the current above zero status, or a new zero-line cross beyond the last 2025-07-14 bullish cross, would change the longer weekly MACD backdrop.

• – Current RSI and state: The weekly RSI(14) is 55.39, so it is neutral. It is neither overbought nor oversold.
• – Direction over the last four weeks: RSI was 62.03 four bars ago and is now 55.39, so it has been falling over the last four weeks.
• – Most recent 70/30 band event: It fell back below 70 on 2026-04-06, 27 bars ago.
• – Divergence checks: No bearish divergence was found; the check showed 2026-08-31 close 275.23 / rsi 66.92 to 2026-09-21 close 271.22 / rsi 62.56. No bullish divergence was found; the check showed 2026-09-07 close 265.58 / rsi 60.13 to 2026-09-28 close 256.03 / rsi 52.69.

What would change this read

• – If RSI(14) moves back above 70, the weekly state would no longer be neutral.
• – If RSI(14) falls to 30 or lower, the weekly state would be oversold.
• – If the weekly RSI(14) turns back up from 55.39 after having been 62.03 four bars ago, that would change the current falling read.

• – ATR value and percent of price: The weekly ATR(14) is 12.23, which is 4.68% of the latest weekly close of 261.44. That means the stock’s typical weekly movement is about 12.23 points, or 4.68% of price.
• – Volatility versus eight weeks ago: ATR(14) was 12.8 eight bars ago and is now 12.23, so weekly volatility is contracting.
• – What the ATR bands imply:
• – The 1x ATR band from close is 249.21 to 273.67. This defines the expected weekly range around the latest close, not a price prediction.
• – The 2x ATR band from close is 236.97 to 285.91. This marks a wider expected weekly range, also not a forecast, just a larger normal-movement envelope.

What would change this read:

• – A new ATR(14) reading above 12.8 would stop the contracting read.
• – A latest weekly close outside 249.21 to 273.67 would mean movement exceeded the current 1x ATR band.
• – A latest weekly close outside 236.97 to 285.91 would mean movement exceeded the current 2x ATR band.

52-week high and low

• – 52-week high: 281.07, set on 2026-08-31.
• – 52-week low: 184.66, set on 2025-10-27.

How far price sits from each

• – Latest weekly close: 261.44.
• – Distance from the 52-week high: -6.98%.
• – Distance above the 52-week low: 41.58%.

What the range position says about the longer cycle

• – Position in the 52-week range: 79.6%.
• – That places JNJ near the upper end of its weekly 52-week range, which indicates a position closer to the high than the low in the longer cycle, but not at a new high.

What would change this read

• – A weekly close above 281.07 would move price to the 52-week high.
• – A weekly close back to 184.66 would return price to the 52-week low.
• – A drop from 79.6% toward the lower part of the range would weaken the current upper-range positioning.