The Greedy Trader Weekly Analysis
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Number of records: 2
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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 :Broken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Abbott Labs (ABT). During the week, the ABT gained 1.21 points, or 1.70%, and closed at 72.36 on Friday, February 1, 2019. Weekly volume was 14% above average.

Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on January 2, 2013 at 31.64 and reached 74.92 on December 3, 2018. ABT gained -43.28 points, or -136.79%, in 308 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (40.47) 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 74.92 on December 3, 2018. ABT gained -38.92 points, or -108.11%, in 148 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (40.91) 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 November 16, 2018. Use the following link to access a MACD help.

Short-term trend: [See ABT short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 74.92 and reached 65.44 on December 24, 2018. ABT lost 9.48 points, or 12.65%, in 21 days. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (65.70) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ABT may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since January 14, 2019.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.07
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 64.85
Greed/Fear Indicator (GFI) 73.80
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.37
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 49.30
Greed/Fear Indicator (GFI) 60.29
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Monthly Trendline Resistance 80.26
Upper Bollinger Band 73.26
Price 72.36
Daily Stochastic Crossing 72.17
Parabolic System 70.63
50 Day Moving Average 70.26
20 Day Moving Average 70.15
Weekly Trendline Resistance 70.12
Weekly Stochastic Crossing 69.82
Lower Bollinger Band 67.86
Monthly Trendline Support 67.34
Weekly Trendline Support 65.70
Sector and Industry
Description Name Rank
Sector Healthcare 5
Industry Drug Manufacturers/Major 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.44
Low Date 12/24/2018
High 73.24
High Date 02/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 70.12
Support 65.70
High 74.92
High Date 12/03/2018
Low 65.44
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.26
Support 67.34
Low 37.38
Low Date 12/01/2016
High 74.92
High Date 12/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 56.36
Support 40.91
Low 36.00
Low Date 01/28/2016
High 74.92
High Date 12/03/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 31.11
Support 40.47
Low 31.64
Low Date 01/02/2013
High 74.92
High Date 12/03/2018
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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