Is Johnson Stock Going to Decline by More Than 15% in the Future?

Johnson Controls is an Irish-domiciled multinational conglomerate. It has its headquarters in Ireland. It produces HVAC, fire, and security equipment for buildings. The current CEO and chairman of the company is George Oliver. This firm also has a subsidiary known as Johnson Controls Hitachi.

The average trading volume of the JCI stock is 3.965M and the company makes $2.98 on each share. The PE ratio of the share is also high resulting in 18.51. It shows the high demand for the share. In the last 52 weeks, the company hit a low price of $48.82 and the highest price of $55.53. 

The JCI share has a beta of 0.98, which makes the share price less volatile. It also indicates that the share moves less than the market as a whole. The gross profit for the company has advanced by 11.7% in Q2 2023 year-on-year. It has followed an advance of 3.6% in gross margin resulting in 34.3%.

The company paid a total dividend of $1.39 on each share in the year 2022. The company yield a total dividend of 2.82% in 2022. It has a payout ratio of 63.48%. Maximum shares of the company are held by Dodge & Cox Inc., holding 9.02% of shares. Also, more than 90% of the float of shares is held by Institutions.

Johnson Controls International plc Stock Performance Analysis

The debt of the company is slowly advancing every year. This is not a good sign. With this increase in debt, the revenue of the company is also increasing. The profit margin of the company has been constant for the last few years. Therefore the current financial condition of the company looks neutral to positive.

Technical Overview of JCI Stock

Is Johnson Stock Going to Decline by More Than 15% in the Future?
Source: Tradingview

The price of the JCI stock is highly negative on charts, resulting in a breakdown below the MAs. The oscillators are also acting negatively. Due to the consistent revenue of the company and decent profit margin, the experts are bullish on the stock.

JCI Share Technical Analysis

Is Johnson Stock Going to Decline by More Than 15% in the Future?
Source : JCI: 1W: NYSE

The JCI share price was trading in an uptrend. This uptrend led to the formation of an ascending triangle. Following the pattern, the price has given a breakdown. It can lead to a further decline in the price of the share.

The 50-day and the 200-day EMA are trading in a golden cross. The JCI share price has broken down below the EMA’s. It represents the losing upside momentum in the stock.

Without hitting the level of overbought zones, the RSI for the share is trading below the 50 level. It shows a downtrend that has been followed for a long time.

Conclusion

Despite reliable fundamentals, the JCI share price is trading in a downtrend. This downtrend has led to a decline in the share price below the triangle pattern. The RSI is also trading in a negative zone, following the share price trading below the EMAs.

Therefore, the share price can decline to further lower levels in the upcoming days.

Technical Levels

  • Support levels for the JCI share are – $32.00 and $45.50
  • Resistance levels for the JCI share are – $69.50 and $81.50
Disclaimer

The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.

Nancy J. Allen
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