Johnson Johnsons stock price (JNJ) edged up in the intraday levels, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to return lower, targeting the pivotal support of $144.95, provided it settles below the resistance of $152.33.

Trend forecast: Likely Bearish