Johnson & Johnson (JNJ) engages in analysis & growth, manufacture & sale of vary of merchandise within the healthcare sector worldwide. It operates via Progressive Medication & MedTech. It comes underneath Healthcare sector & trades as “JNJ” at NYSE.
The JNJ favors rally in bullish sequence from January-2025 low. At the moment, it favors double correction decrease in ((4)) & discover assist between $227.8 – $215.82 space to rally greater. Consumers will enter into that space for not less than 3 swings bounce.
JNJ – Elliott Wave Newest Each day View: 
In weekly, it ended (I) impulse at $186.69 excessive in April-2022 & (II) correction at $140.68 low in January-2025. The pullback in (II) as uneven double three construction. Inside (II), it ended w at $150.11 low, x at $175.97 excessive & y at $140.68 low. Above April-2025 low, it ended ((1)) of I at $169.99 excessive, ((2)) at $141.50 low, ((3)) at $251.71 excessive & favors pullback in ((4)) in 3 or 7 swings (or triangle) correction. It’s displaying prolonged ((3)) sequence. In ((3)), it ended (1) at $159.44 excessive, (2) at $146.12 low, (3) at $215.19 excessive, (4) at $200.91 low & (5) at $251.71 excessive.
JNJ – Elliott Wave Each day View From 3.16.2026: 
Beneath $251.71 excessive, it favors 7 swings pullback in ((4)) to right towards April-2025 low. In ((4)), it ended (W) in 3 swings at $232.24 low, (X) at $247.21 excessive & favors decrease in (Y). It broke under (W) low, favoring draw back into $227.8 – $215.82 space to complete ((4)). Consumers can search for lengthy entry in blue field space for subsequent rally. As soon as it ends ((4)) in blue field space, it expects rally concentrating on above $259 to increase January-2025 sequence. We don’t like promoting it in any pullback as general bias is bullish & shut to seek out assist.
Supply: https://elliottwave-forecast.com/stock-market/jnj-forecast-buyers-should-enter-227-8-215-8-area/