Johnson & Johnson: Bulls Push Into New All-Time HighsJohnson & JohnsonBATS:JNJDukesMarketAnalysisAnother New All-Time High Johnson & Johnson has continued its impressive advance, pushing above the previous $274.90 high to reach a fresh all-time high at $271.73 on the 4-hour chart. The breakout keeps the broader bullish trend firmly intact, with buyers continuing to drive price higher. Former All-Time High Remains Key Support The previous major $251.71 all-time high has successfully flipped from resistance into support. Buyers repeatedly stepped in around this area during the recent pullback, helping provide the platform for the latest move into record territory. Weekly Picture Remains Strong The long-term technical picture remains firmly bullish, with price comfortably above the sharply rising 55/21-Week EMAs. Weekly RSI remains above 50, while StochRSI has worked off its previous overbought conditions despite price returning to the highs. Medium-Term Structure Continues Higher The 4-hour chart continues to produce a bullish sequence of higher highs and higher lows, with price also well above the bullishly crossed 100/50-Period EMAs. There are currently no obvious bearish momentum divergences at the highs to warn that the advance is weakening. Short-Term Momentum Is Stretched Despite the bullish structure, both 4-hour RSI and StochRSI are now overbought, increasing the possibility of a short-term pullback or consolidation. A break below $250.43 would be a much more significant development and would shift the medium-term bullish character. In Summary Johnson & Johnson has pushed into fresh all-time highs, extending an already impressive recovery from its recent pullback. The weekly and medium-term structures remain firmly bullish, with price above rising moving averages and no obvious bearish divergences at the highs. Short-term momentum is becoming stretched, so a pullback would not be surprising. Former resistance around $251.71 remains important support, while a break below $250.43 would provide the first meaningful warning that the medium-term trend is weakening.