JNJ

What it measures Valuation expressed against the cash actually available to all capital providers. Often more honest than EV/EBITDA when capex is meaningful relative to D&A.

Formula EV/FCF = (market_cap + total_debt - cash) / free_cash_flow_ttm

For JNJ Expensive on cash generation - growth or quality must justify the premium.

What it measures Adjusts the numerator for debt and cash so heavily-levered or cash-rich companies are comparable. Particularly useful for cross-industry valuation work.

Formula EV/Sales = (market_cap + total_debt - cash) / revenue_ttm

For JNJ Premium revenue multiple even after netting cash - usually high gross-margin businesses.

What it measures End-to-end conversion ratio: of every dollar of revenue, how much falls through to genuine free cash flow available to capital providers? More honest than net margin because it accounts for capex needed to maintain the business.

Formula FCF Margin = (free_cash_flow_ttm / revenue_ttm) * 100

For JNJ Cash flowing through to owners - the hallmark of high-quality compounders.

What it measures FCF the business throws off relative to what you pay for the equity. Treats the equity as a perpetual claim on cash. Cyclicals can swing below zero in a downturn.

Formula FCF Yield = (free_cash_flow_ttm / market_cap) * 100

For JNJ Strong cash income relative to price - attractive when growth doesn't have to do all the work.

What it measures Direct income from holding the share. Stable dividend yield often signals capital discipline; abnormally high yield can be a warning that the dividend isn't covered by FCF and may be cut.

Formula Dividend Yield = (dividends_per_share_ttm / price) * 100

For JNJ Real income today - sustainability depends on payout ratio and free cash flow coverage.

What it detects Buys oversold pullbacks within an established uptrend (price above the 200-day SMA). Holds while RSI(2) is below an exit threshold; exits when RSI(2) crosses above 60.

Trigger rule +1 when price is above regime_ma and RSI(2) drops below oversold; held while inside the trade; back to 0 when RSI(2) crosses above exit.

Parameters period=2, oversold=10, exit=60, regime_ma=200

For JNJ Active pullback-buy in an established uptrend — price bouncing off a 2-period oversold reading.

What it detects Bullish when %K crosses above %D while both lines are below the oversold threshold; bearish when %K crosses below %D while both are above overbought.

Trigger rule +1 on bullish cross in oversold; -1 on bearish cross in overbought; 0 otherwise.

Parameters k=14, d=3, smooth=3, ob=80, os=20

For JNJ %K crossed up through %D from oversold — short-term buy trigger.

What it detects ADX (Average Directional Index) measures trend strength regardless of direction. Below ~20 historically associates with sideways/choppy markets unfavorable to trend strategies.

Trigger rule +1 while ADX is below the threshold (weak trend); 0 otherwise.

Parameters period=14, weak_threshold=20

For JNJ ADX below threshold — trend is weak, prefer mean-reversion to trend strategies right now.

What it detects Simplest possible regime filter: long-only when price is above its long-term MA, flat or short-only when below. Often used to gate other signals.

Trigger rule +1 while close > MA, -1 while close < MA.

Parameters ma_period=200

For JNJ Price above the long-term MA — bullish regime, gate longs on.

What it detects Open and close are nearly equal (tiny body, under ~5% of range) with comparable upper and lower wicks. Marks indecision; meaningful when it appears at trend extremes or after extended runs.

Trigger rule +1 on doji (the bar marks the indecision candle regardless of direction).

Parameters body_max=0.05, wick_balance=0.3

For JNJ Indecision candle after a downtrend — buyers and sellers in balance, watch for follow-through.

What it detects While price is above its 200-day MA (uptrend regime), buy when today's close is the lowest in 7 sessions; exit when today's close is the highest in 7 sessions.

Trigger rule +1 on entry day (new 7-day low above regime); held until exit on new 7-day high; back to 0 on exit.

Parameters lookback=7, regime_ma=200

For JNJ Active Connors Double-7 pullback in an uptrend — buy the 7-day low, sell the 7-day high.

What it detects Identifies the most recent significant swing high and low, projects standard Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%), and tags bars where price interacts with one of those levels.

Trigger rule Reports the level price is closest to, in price units, when price is within the proximity band.

Parameters swing_lookback=60, levels=[0.236,0.382,0.5,0.618,0.786]

For JNJ Price interacted with a key Fibonacci level on its way up — likely springboard or resistance to clear.

What it detects Two consecutive non-overlapping windows where the second window's high is above the first's high AND the second's low is below the first's low (an outside range). Reads as a reversal signal off the prior trend.

Trigger rule +1 if prior trend was down and current outside-range closes higher than it opens; -1 in the symmetric down-reversal case.

Parameters window=10

For JNJ Outside-range bar after a downtrend closed up — reversal-up reversal pattern.

What it detects A wedge is a price compression where two trendlines converge. Rising wedge (both lines sloping up but upper less steep) typically resolves down; falling wedge resolves up.

Trigger rule +1 on confirmed break above falling wedge; -1 on confirmed break below rising wedge.

Parameters lookback=40, min_touches=2

For JNJ Falling wedge resolved up — compression broke in favor of buyers.

What it detects Trends backed by declining volume tend to lose conviction. The signal compares the slope of price against the slope of volume over a rolling window.

Trigger rule +1 when price is rising but volume slope is negative (weak rally); -1 when price is falling but volume slope is negative (weak decline / potential reversal).

Parameters trend_window=20

For JNJ Decline running on falling volume — sellers losing conviction, reversal candidate.

What it detects Enters +1 when close <= lower band, holds until close >= middle band. Symmetric short-side state. Captures reversion-to-mean trades inside Bollinger bands.

Trigger rule +1 enter on close <= lower band, exit on close >= middle. -1 enter on close >= upper, exit on close <= middle.

Parameters period=20, std=2

For JNJ Active long mean-reversion held — price tagged the lower band, exits at the midline.

What it detects Fires on the bar where the close returns inside the bands after the prior close was outside. Long reentry from below the lower band, short reentry from above the upper band.

Trigger rule +1 when prior close < lower band and current close inside; -1 when prior close > upper band and current close inside.

Parameters period=20, std=2

For JNJ Price closed back inside the bands from below — short-term reversion-long signal.