Use advanced tools to confirm the Double Bottom on JCI before you trade.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bearish continuation pattern.
Traders are watching Johnson Controls (JCI) as price action tightens. With a last close of $136.89, volatility remains active (-0.62%). The primary technical feature is a Double Bottom formation. The trend indicator is reading 30.6/100, suggesting moderate momentum. A potential breakout level is identified at $147.32, targeting $161.03 with support near $140.47 (R:R 2.0).
What is your outlook on JCI?