Auto-detected technical analysis for JNJ · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
JNJ is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.
A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $240.43 (+7.2%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; JNJ's own falling wedges have hit 50.0%.
New to this pattern? What a falling wedge is and how to trade it →
JNJ's most recent completed falling wedge resolved as a win: it broke higher on May 12, 2026 near $224.77, then reached its target at $234.20 on Jun 17, 2026 — a +2.14R move (4.2%) over 25 sessions. Across 151 backtested falling wedges, this setup wins 54.3% of the time.
Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.
Every completed pattern trade our nightly backtest found on JNJ's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling Wedge | May 12, 2026 @ $224.77 | Jun 17, 2026 @ $234.20 | Win | +2.14R |
| Bullish Pennant | Mar 25, 2026 @ $241.26 | Apr 20, 2026 @ $230.69 | Loss | -1.17R |
| Rising Wedge | Aug 18, 2025 @ $177.29 | Oct 24, 2025 @ $190.40 | Win | +1.00R |
| Triangle | Jul 16, 2025 @ $160.30 | Aug 26, 2025 @ $176.49 | Win | +2.94R |
| Triangle | May 30, 2025 @ $153.90 | Aug 26, 2025 @ $176.49 | Win | +2.90R |
| Triangle | Oct 25, 2024 @ $162.18 | Nov 11, 2024 @ $155.36 | Win | +1.78R |
| Falling Wedge | Jul 10, 2024 @ $147.39 | Aug 6, 2024 @ $158.97 | Win | +4.00R |
| Triangle | Mar 15, 2024 @ $158.06 | Apr 5, 2024 @ $152.19 | Win | +1.16R |
| Rising Wedge | Jan 30, 2024 @ $158.91 | Apr 11, 2024 @ $149.58 | Win | +2.00R |
| Triangle | Dec 22, 2023 @ $156.49 | Apr 8, 2024 @ $151.59 | Loss | -1.04R |
| Falling Wedge | Oct 25, 2023 @ $150.53 | Jan 2, 2024 @ $159.97 | Loss | -1.08R |
| Falling Wedge | Oct 6, 2023 @ $157.86 | Oct 18, 2023 @ $152.73 | Loss | -1.13R |
A chance to go short showed up on the weekly chart about a week ago: price ran up to $271.08 — a level traders often watch as a target (161.8% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
Nearest auto-detected support sits near $239.85, resistance near $254.99. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $254.41 | $255.52 | $250.44 | $254.93 |
| Aug 3, 2026 | $254.97 | $257.75 | $250.91 | $254.41 |
| Jul 31, 2026 | $256.01 | $258.48 | $253.29 | $256.35 |
| Jul 30, 2026 | $259.03 | $260.52 | $254.56 | $255.82 |
| Jul 29, 2026 | $268.50 | $269.34 | $264.79 | $265.53 |
| Jul 28, 2026 | $270.00 | $274.90 | $266.18 | $266.73 |
| Jul 27, 2026 | $262.55 | $268.80 | $261.35 | $265.95 |
| Jul 24, 2026 | $261.43 | $263.71 | $259.61 | $263.40 |
| Jul 23, 2026 | $255.24 | $260.20 | $254.42 | $259.27 |
| Jul 22, 2026 | $252.76 | $256.29 | $251.21 | $255.63 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.