The post Can Dividends Initiate A Recovery For JNJ? appeared on BitcoinEthereumNews.com.

Johnson & Johnson stock price has been trying to recover in the past five intraday sessions. The price seems to be bouncing back from a round level of $145. The stock price has recovered nearly 5% in the recent sessions. However, the price trend still indicates a bearish outlook.  Moreover, the stock price fell over 7% in a week despite delivering optimistic quarterly results. The price trend had already turned pessimistic before the disclosure of results when it broke below the trendline support.  Johnson & Johnson Third Quarterly Earning Analysis Johnson & Johnson Inc. reported its third quarterly results on Tuesday, 17th October. The quarterly results were optimistic and outperforming despite which the price fell nearly 7%.  The revenues for the current quarter were reported at $21.351 Billion slightly surpassing the analysts’ estimates. The earnings were reported to be $2.66 per share, surprising the Wall Street estimates. Despite the surprising revenues and earnings, the stock price could not perform well and slipped 7% lower. The dividend days are nearing which may attract some long-term investors and the stock price may observe a hike. The JNJ company is all set to declare a dividend of $1.19 per share on 20 November.  Johnson & Johnson Stock Price Prediction 2023 Source: Johnson & Johnson NYSE By TradingView JNJ stock price analysis showcases a recovery in the recent sessions. The price has recovered nearly 5% after taking a rebound from the $145 level. Despite the recent recovery, the trend seems to be pessimistic. The most recent resistance on the upside is the $150 level which acted as a support earlier. The technical indicators imply that the price hovers below the key EMAs of 50-day and 200-day EMA indicating a bearish outlook at the moment.  The JNJ stock price prediction for 2023 signifies a mixed…

---

Filed under: News - @ November 7, 2023 2:12 am