Johnson & Johnson (JNJ) operates in healthcare, with segments Innovative Medicine and MedTech, and trades on the NYSE as \u201cJNJ\u201d. The forecast expects a bullish sequence from the January 2025 low.<\/p>\n
The view is that the price is in a double correction lower in wave ((4)). Support is projected between $227.80 and $215.82, with buyers expected to enter that zone for at least a three-swing bounce.<\/p>\n
On the weekly chart, wave (I) ended at $186.69 in April 2022 and wave (II) ended at $140.68 in January 2025. Within (II), w ended at $150.11, x at $175.97, and y at $140.68, described as a choppy double three.<\/p>\n
From the April 2025 low, ((1)) ended at $169.99, ((2)) at $141.50, and ((3)) at $251.71. Within ((3)), (1) ended at $159.44, (2) at $146.12, (3) at $215.19, (4) at $200.91, and (5) at $251.71.<\/p>\n
Below $251.71, a seven-swing pullback in ((4)) is expected. In ((4)), (W) ended at $232.24, (X) at $247.21, and (Y) is projected lower towards $227.80\u2013$215.82, with a later target above $259.<\/p>\n
We see Johnson & Johnson in a strong upward trend that started back in January 2025. The stock is currently in a temporary pullback, which we view as a healthy correction. This presents a buying opportunity as the price approaches the key support area between $227.80 and $215.82.<\/p>\n
This bullish outlook is supported by the company’s strong performance over the last year, especially after the impressive Q4 2025 earnings report. That report showed a 12% year-over-year revenue increase, largely driven by its MedTech division. These fundamentals reinforce the technical view that the primary trend remains upward.<\/p>\n
Looking back, the stock completed a major rally of nearly 78% from its April 2025 low of around $141.50 to the recent high of $251.71. A correction after such a powerful move is normal and expected. We interpret the current dip as a wave ((4)) pullback, setting the stage for the next leg higher toward prices above $259.<\/p>\n
For derivative traders, this means focusing on bullish strategies as JNJ approaches our target support zone. Selling cash-secured puts with strike prices like $225 or $220 for May and June 2026 expirations could be an effective way to collect premium. This strategy either generates income or allows for entering a long stock position at a desired lower price.<\/p>\n
Alternatively, traders anticipating a sharp bounce from the support area could look to buy call options. Once the price enters the $227.80 \u2013 $215.82 zone and shows signs of stabilizing, purchasing July 2026 calls with strike prices of $250 or $255 would provide leverage for the expected rally. We would advise against buying puts or initiating bearish positions, as this would mean trading against the dominant bullish trend.<\/p>\n","protected":false},"excerpt":{"rendered":"
JNJ forecasts bullish continuation: wave ((4)) double correction targets $227.80\u2013$215.82 support, then rebound above $259.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-45511","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=45511"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/45511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=45511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=45511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=45511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}