Johnson & Johnson may rise to 170.30 - 173.30

154.6 is our pivot point.

Our preference

The upside prevails as long as 154.6 is support.

Alternative scenario

Below 154.6, expect 149.8 and 146.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 152.486 and 149.4554).

Supports and resistances

176.3 **

173.3 *

170.3 **

167.4

161.33 (USD-last)

156.5

154.6 **

149.8 *

146.8 **

Number of asterisks represents the strength of support and resistance levels.