JNJ | Q3 2026 - Day ChartJohnson & JohnsonBATS:JNJStudyGuideTAJohnson & Johnson || MARKET-BEATING SCORE = 3/10 Dividend yield (indicated) 2.06% "a holding company, which engages in the research and development, manufacture and sale of products in the health care field.. " ----------------------------------- PEGY 4.60 — overvalued vs growth. EPS growth 4.2% — modest. Revenue growing 6.6% YoY — steady. Gross margin 68.5% — strong moat. FCF margin 18.5% — real cash generation. D/E 0.55 — conservative leverage. PROFITABLE / FAIR VALUE ----------------------------------- KEY RISK ASSESSMENT "Could a policy change or major competitor disrupt growth in the next 2 years?" Johnson & Johnson faces moderate risk over the next two years from U.S. policy shifts, specifically the "most favored nation" pricing mandate and potential tariffs on imported pharmaceutical ingredients that could disrupt supply chains. Growth is further pressured by patent expirations and the resulting biosimilar competition, as well as rapid technological advancements from MedTech rivals like Medtronic and Abbott While JNJ's diversified portfolio mitigates some impact, these regulatory and competitive headwinds require significant R&D investment to sustain its market position Risk Level: Moderate ---------------------------------- POSITIVE CATALYST OUTLOOK "Could a policy change or competitor headwinds create a positive catalyst in the next 2 years?" Johnson & Johnson stands to gain a relative advantage as major competitors like Pfizer face significant activist pressure and regulatory uncertainty under new federal leadership. While industry-wide drug pricing reforms and tariffs pose challenges, J&J’s massive global manufacturing scale and AAA credit rating offer a defensive cost advantage that smaller rivals cannot match. Additionally, the company is leveraging AI and robotic surgery innovations to drive premium pricing and market share gains, potentially offsetting the impact of upcoming patent cliffs Positive Outlook: Moderate ----------------------------------- Multiple Time-Frame Analysis; Color Code | Strength favors the higher timeframe. Yearly timeframe = black Monthly timeframe = pink weekly = grey daily = red 4hr = orange 1hr = yellow 15min = blue 5min = green if they are shown. (Level visibility on intervals is set to timeframe the level was found on and below to keep chart view organized.) ** Candle Science explained ** A Range = two or more consecutive color candles. There are two types of ranges - accumulation and distribution. **A single candle is a range on a lower timeframe. *Find the range and define its, creation dates, prices, and risk parameters. A range is broken down into 4 candle, which create 6 levels that define the range and illustrate market structure. Focus only on the first and last candle of each range. The last candle of each type of range has two levels - see FS & Inv. FS Candles below. DISTRIBUTION RANGES DEFINED: When price is above a distribution range, these candles/levels act as support. (BS) BACKSIDE Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to or away from level. high angle accumulation trends, f.v,g's (FS) FrontSide Candle - Last distribution candle in a distribution range. Expectation = reversal, create a low angle accumulation trend. The top of Distribution candles are used as support. The bottom of the FrontSide candle is the SwingLow of the range. The FS candle wants to protect the SwingLow. When/if Price Action closes below the SwingLow, the level is invalidated. Find another range to trade. ACCUMULATION RANGES DEFINED: When price is below an accumulation range, these candles/levels act as resistance. INVERSE BACKSIDE (Inv.BS) - First Accumulation candle in an accumulation range. Expectation. = strong reaction to price. long wicks reaching to or away from level. Creates high angle distribution trends, f.v.g, protects the Inv.FS candle INVERSE FRONTSIDE (Inv.FS) - Last accumulation candle in an accumulation range. Expectation = reversal, create a low angle distribution trend. The bottom of Accumulation candles are used as resistance. The top of the Inv.FrontSide candle is the SwingHigh of the range. The Inv.FS candle wants to protect the SwingHigh. When/if Price Action closes above the SwingHigh, the level is invalidated. Find another range to trade.