Johnson & Johnson: Another All-Time High — Bulls Keep Pushing

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Johnson & Johnson: Another All-Time High — Bulls Keep PushingJohnson & JohnsonBATS:JNJDukesMarketAnalysisAnother Record High Johnson & Johnson has continued its impressive run, pushing to yet another all-time high at $276.47. The broader weekly trend remains firmly in favour of the bulls, with price continuing to produce higher highs and higher lows. Weekly Trend Remains Strong Price remains comfortably above the sharply rising 55/21-Week EMAs, reinforcing the strength of the longer-term trend. Weekly RSI also remains bullish above 50 without yet moving into overbought territory. Short-Term Momentum Cooling The 4-hour chart is beginning to show some signs of cooling following the latest record high. Selling volume increased around the highs, while RSI and StochRSI are now working off their recent overbought conditions. No Bearish Divergence at the Highs Despite the short-term cooling, there is currently no obvious bearish divergence developing at the highs. This leaves the underlying bullish structure intact, although some consolidation or a pullback following the recent run would be perfectly normal. Key Support Remains Around $250 The $250.43–$251.71 area remains an important downside level. Holding above this zone would preserve the broader bullish structure, while a break below would provide the first meaningful warning that the medium-term character may be changing. In Summary Johnson & Johnson has pushed to another all-time high at $276.47, extending a powerful run that continues to favour the bulls. The weekly trend remains strong above the rising 55/21-Week EMAs, although the 4-hour chart is showing some signs of cooling. For now, the bullish structure remains intact, with any pullback holding above the $250.43–$251.71 area keeping the bigger picture healthy.