Johnson Controls (JCI) Favors Rally Up To 151.5 Before Correcting Next

Johnson Controls International plc, (JCI) engages in engineering, manufacturing, commissioning & retrofitting building products & systems in United States & globally. 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 Elliott Wave sequence in weekly. It favors rally in ((3)) of III & expect continuation, while dips remain above January-2026 low. We like to buy the next pullback in ((4)) at extreme area against October-2023 low.

In weekly, it ended I of (III) at $81.77 high & II at $45.52 low in July-2022. Above there, it favors rally in III, where ((3)) is extended. Within III, it ended ((1)) at $69.60 high in Jan-2023, ((2)) at $47.90 in Oct-2023 & favors rally in (5) of ((3)). Within ((3)), it ended (1) at $91.14 high, (2) at $68.03 low, (3) at $123.78 high, (4) at $108.41 low & favors rally in (5). The current rally in (5) already reached the minimum extension of $134.03. But it can extend up to $151.52 or higher to end the (5) as ((3)), while dips remain above 1.06.2026 low before correcting next.

JCI - Elliott Wave Latest Weekly View:

We like to buy the dip in ((4)) in 3, 7 or 11 swings at extreme area, which defined once (A) & (B) ends. The current rally in (5) expects minor two highs, while dips remain above 1.06.2026 low. But, if it breaks that level, then it already ended ((3)) at last peak. A pullback in ((4)) will confirm, when it breaks the last trendline passing through (2) & (4). If it extends above $151.52 & managed to erase the RSI divergence, then it can nesting in (3) of ((3)) as most bullish case. So, don’t like selling it in any pullback.

Source: https://elliottwave-forecast.c...