The Greedy Trader Weekly Analysis
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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

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- 12/13/2024 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is oversoldStochastic has raised above the signal line
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -2.20 points, or -1.90%, and closed at 113.40 on Friday, December 13, 2024. Weekly volume was -16% below average.

ABT is a member of Health Care Sector. Health Care is the second 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 October 12, 2023 at 89.67 and reached 121.63 on March 8, 2024. ABT gained -31.96 points, or -35.64%, in 21 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ABT medium-term trend chart]
A medium-term downtrend had started on November 6, 2024 at 121.00 and reached 112.10 on December 13, 2024. ABT lost 8.90 points, or 7.36%, in 5 weeks. The price is now at the 14.61% retracement level.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 November 27, 2024 at 120.50 and reached 112.10 on December 13, 2024. ABT lost 8.40 points, or 6.97%, in 16 days. The price is now at the 15.48% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.

The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.14
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 14.30
Oversold
Greed/Fear Indicator (GFI) 21.95
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.33
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 48.92
Greed/Fear Indicator (GFI) 54.85
Moving Average Converg./Diverg. (MACD) 2.16
Trading Signals
Description Value Chart
Upper Bollinger Band 119.18
Parabolic System 117.49
Weekly Stochastic Crossing 116.49
20 Day Moving Average 116.39
50 Day Moving Average 116.15
Price 113.40
Daily Stochastic Crossing 112.78
Lower Bollinger Band 112.32
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 120.50
High Date 11/27/2024
Low 112.10
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.00
High Date 11/06/2024
Low 112.10
Low Date 12/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.71
Low Date 07/18/2024
High 121.00
High Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.67
Low Date 10/12/2023
High 121.63
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 142.60
High Date 12/27/2021
Low 89.67
Low Date 10/12/2023
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.