Johnson & Johnson may rise to 155.40 - 157.10

Our pivot point is at 146.6.

Our preference

The upside prevails as long as 146.6 is support.

Alternative scenario

Below 146.6, expect 143.9 and 142.2.

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 146.796 and 148.0686). Finally, Johnson & Johnson has crossed above its upper daily Bollinger band (149.63).

Supports and resistances

158.7 **

157.1 *

155.4 **

153.7

149.7 (USD-last)

147.6

146.6 **

143.9 *

142.2 **

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