The Greedy Trader Weekly Analysis
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Number of records: 4
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Abbott Labs
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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -2.24 points, or -2.85%, and closed at 76.45 on Friday, May 10, 2019. Weekly volume was -28% below average.

ABT is a member of Healthcare Sector. Healthcare is the most oversold 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 80.74 on April 1, 2019. ABT gained -49.10 points, or -155.18%, in 325 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (40.86) 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 80.74 on April 1, 2019. ABT gained -44.74 points, or -124.28%, in 165 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (41.35) 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 medium-term trend.

Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 18, 2019. The distance between MACD and the signal line is low, but getting bigger. 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 April 17, 2019 at 72.36 and reached 79.69 on April 30, 2019. ABT gained -7.33 points, or -10.13%, in 13 days. The price is now at the 44.20% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.66
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 35.26
Greed/Fear Indicator (GFI) 49.15
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.22
Williams' Percentage Range (W%R) 29.60
Lane's Stochastic (%D-Slow) 60.27
Greed/Fear Indicator (GFI) 61.10
Moving Average Converg./Diverg. (MACD) 2.71
Trading Signals
Description Value Chart
Monthly Trendline Resistance 83.99
Upper Bollinger Band 81.01
Parabolic System 78.96
50 Day Moving Average 78.10
20 Day Moving Average 77.09
Weekly Stochastic Crossing 77.03
Price 76.45
Daily Stochastic Crossing 75.67
Lower Bollinger Band 74.00
Monthly Trendline Support 71.94
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Major 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.36
Low Date 04/17/2019
High 79.69
High Date 04/30/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.74
High Date 04/01/2019
Low 72.36
Low Date 04/17/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 83.99
Support 71.94
Low 37.38
Low Date 12/01/2016
High 80.74
High Date 04/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 57.50
Support 41.35
Low 36.00
Low Date 01/28/2016
High 80.74
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 29.53
Support 40.86
Low 31.64
Low Date 01/02/2013
High 80.74
High Date 04/01/2019
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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