Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States, Europe, Asia -Pacific & internationally. It operates in four segments like Building Solutions in North America, Building Solutions EMEA/LA, Building Solutions Asia-Pacific & Global products. It comes under Industrials sector & trades as “JCI” ticker at NYSE.
JCI is showing bullish weekly sequence confirming higher high in impulse. It favors upside in nest & we look to buy the pullback in 3, 7 or 11 swings against April-2025 low.
JCI – Elliott Wave Latest Weekly View:
Since July-2002, it placed (I) at $46.17 high in November-2016 & (II) at $22.77 low in March-2020 low. Above (II) low, it placed I of (III) at $81.77 high in December-2021 & II at $45.52 low in July-2022 low. Currently, it favors upside in ((3)) of III of (III) against April-2025 low. Within I, it ended ((1)) at $31.34 high, ((2)) at $26.23 low, ((3)) as extended wave at $81.15 high, ((4)) at $74.36 low & finally ((5)) at $81.77 high. It ended II in zigzag, where placed ((A)) at $59.82 low, ((B)) at $67.99 high & ((C)) at $45.52 low in blue box area. Above July-2022 low, it placed ((1)) of III at $91.14 high & ((2)) at $68.03 low in April-2025.
Within ((1)) of III, it ended (1) at $69.60 high, (2) at $47.90 low, (3) at $87.16 high, (4) at $75.32 low & (5) at $91.14 high in February-2025 high. In ((2)) double three structure, it ended (W) at $76.60 low, (X) at $85.10 high & (Y) at $68.03 low in blue box area before rally continue in ((3)). Within (1) sequence, it placed 1 at $79.93 high, 2 at $73.55 low & favors upside in 3. Currently, it favors rally in 3, which soon will finish before correcting in wave 4. We like to buy the pullback in 3, 7 or 11 swings at extreme area in (2) against April-2025 low. The next leg in weekly sequence is targeting between $113.7 – $142 area from April-2025 low.
Source: https://elliottwave-forecast.com/stock-market/jci-johnson-controls-targets-113-142-zone/