The Greedy Trader Weekly Analysis
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Price vs. 20 Day Moving Average:Crossover
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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- 5/22/2020 -
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Abbott Labs (ABT)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Broken trend support lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Abbott Labs (ABT). During the week, the ABT gained 1.58 points, or 1.76%, and closed at 91.47 on Friday, May 22, 2020. Weekly volume was -14% below average.

ABT is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on January 2, 2013 at 31.64 and reached 100.00 on April 20, 2020. ABT gained -68.36 points, or -216.06%, in 380 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (42.38) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ABT medium-term trend chart]
A medium-term uptrend had started on January 28, 2016 at 36.00 and reached 100.00 on April 20, 2020. ABT gained -64.00 points, or -177.78%, in 220 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.03 and resistance is at 96.76. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since April 17, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ABT short-term trend chart]
A short-term uptrend had started on March 23, 2020 at 61.61 and reached 100.00 on April 20, 2020. ABT gained -38.39 points, or -62.31%, in 28 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (101.79) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 28, 2020. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.63
Williams' Percentage Range (W%R) 72.40
Lane's Stochastic (%D-Slow) 22.18
Greed/Fear Indicator (GFI) 34.48
Moving Average Converg./Diverg. (MACD) 1.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.21
Williams' Percentage Range (W%R) 24.90
Lane's Stochastic (%D-Slow) 80.40
Overbought
Greed/Fear Indicator (GFI) 69.83
Moving Average Converg./Diverg. (MACD) 0.89
Trading Signals
Description Value Chart
Weekly Trendline Support 101.79
Quarterly Trendline Resistance 96.76
Weekly Trendline Resistance 95.02
Upper Bollinger Band 94.79
Weekly Stochastic Crossing 94.38
Parabolic System 92.83
20 Day Moving Average 91.82
Price 91.47
Daily Stochastic Crossing 89.56
Lower Bollinger Band 87.07
50 Day Moving Average 86.19
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Equipment 114
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 100.00
High Date 04/20/2020
Low 88.03
Low Date 05/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 95.02
Support 101.79
Low 61.61
Low Date 03/23/2020
High 100.00
High Date 04/20/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.38
Low Date 12/01/2016
High 100.00
High Date 04/20/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 96.76
Support 43.03
Low 36.00
Low Date 01/28/2016
High 100.00
High Date 04/20/2020
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 23.44
Support 42.38
Low 31.64
Low Date 01/02/2013
High 100.00
High Date 04/20/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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