JNJ: Flat Base — Constructive (Stage 2 (Advancing))

Posted on by Eben@CANSLIM Research
JNJ daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 2 (Advancing), as of October 08, 2026 at 00:05 — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

JNJ is currently in Stage 2 (Advancing) with a Flat Base (9.2% deep, 5 weeks). Overall technical read: Constructive.

Technical Analysis

As of 2026-10-07 · Close $260.53

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.68%)

Detected Patterns — What the Market Is Watching

  • Flat Base — depth 9.2%, length 5 weeks, pivot $278.43. Base formed from 2026-09-03 (left-side high) to 2026-10-07, with the low of $252.93 set on 2026-10-05

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