Johnson & Johnson (JNJ) engages in research & development, manufacture & sale of a range of products in the healthcare sector worldwide. It operates through Innovative Medicine & MedTech. It comes under the Healthcare sector & trades as “JNJ” on the NYSE.
The JNJ favors a rally in ((5)), targeting $271.37 or higher to extend the January-2025 rally expected before. It favors a rally in (3) of ((5)) from the blue box area. Short-term pullback in 3, 7, or 11 swings remains supported in a 9 swing impulse rally.
JNJ - Elliott Wave Latest Daily View:
In weekly, it ended (I) impulse at $186.69 high in April-2022 & (II) correction at $140.68 low in January-2025. The pullback in (II) as choppy double three structure. Within (II), it ended w at $150.11 low, x at $175.97 high & y at $140.68 low. Above April-2025 low, it ended ((1)) of I at $169.99 high, ((2)) at $141.50 low, ((3)) at $251.71 high, ((4)) at $220.37 low & favors upside in ((5)). It is showing an extended ((3)) sequence. In ((3)), it ended (1) at $159.44 high, (2) at $146.12 low, (3) at $215.19 high, (4) at $200.91 low & (5) at $251.71 high.
JNJ - Elliott Wave Daily View From 5.25.2026:
Within ((4)), it ended (W) at $232.24 low (3.24.2026), (X) at $247.21 high (4.02.2026) & (Y) at $220.37 low (5.11.2026). It placed (1) at $232.13 high, (2) as flat at $220.84 low & favors (3) in five swings. Within (3), it placed 1 at $241.60 high, 2 at $227.50 low & favors 3 towards the $261.1 – $269.1 area before 4 starts. It is trading in the fifth swing & expect pullback to remain supported to continue higher. Buyers can buy intraday pullback in 4 or (4) for the next leg higher. Once it breaks above $271.37, it can extend the rally towards $305.3 in the daily.
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