Johnson & Johnson may rise to 168.80 - 170.60

Our pivot point stands at 159.6.

Our preference

The upside prevails as long as 159.6 is support.

Alternative scenario

Below 159.6, expect 156.9 and 155.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 161.8545 and 162.9952).

Supports and resistances

172.2 **

170.6 *

168.8 **

167.2

163.45 (USD-last)

160.8

159.6 **

156.9 *

155.1 **

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