Johnson & Johnson (JNJ) engages in research & development, manufacture & sale of range of products in the healthcare sector worldwide. It operates through Innovative Medicine & MedTech. It comes under Healthcare sector & trades as “JNJ” at NYSE.
The JNJ found support in daily blue box area as anticipated in last article. It ended double correction at $220.37 low & favors rally targeting $259.3 or higher. The buyers already able to create a risk-free long as price crosses above $233.45 as 50 of (Y).
JNJ – Elliott Wave Latest Daily View: 
In weekly, it ended (I) impulse at $186.69 high in April-2022 & (II) correction at $140.68 low in January-2025. The pullback in (II) as choppy double three structure. Within (II), it ended w at $150.11 low, x at $175.97 high & y at $140.68 low. Above April-2025 low, it ended ((1)) of I at $169.99 high, ((2)) at $141.50 low, ((3)) at $251.71 high, ((4)) at $220.37 low & favors upside in ((5)). It is showing extended ((3)) sequence. In ((3)), it ended (1) at $159.44 high, (2) at $146.12 low, (3) at $215.19 high, (4) at $200.91 low & (5) at $251.71 high.
JNJ – Elliott Wave View From 4.20.2026:
Within ((4)), it ended (W) at $232.24 low (3.24.2026), (X) at $247.21 high (4.02.2026) & (Y) at $220.37 low (5.11.2026). Buyers expected to enter from daily blue box area for next rally or at least 3 swing bounce. It favors upside in (1) & expect five swings to finish. It ended 1 of (1) at $232.13 high, 2 at $225.86 low & favors 3 of (1) towards $237.68-$244.99 area. The bullish rally within January-2025 low should extend higher to new high.
Source: https://elliottwave-forecast.com/stock-market/jnj-elliott-wave-signals-rally-toward-259/