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Health Care Equipment Industry Stocks Technical Analysis - ABTArchive
- 11/8/2024 -
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Abbott Labs (ABT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -2.00 points, or -1.69%, and closed at 116.60 on Friday, November 8, 2024. ABT was trading at average weekly trading volume.
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. The price is now at the 15.74% retracement level.
Medium-term trend: [See ABT medium-term trend chart]
A medium-term uptrend had started on July 18, 2024 at 99.71 and reached 121.00 on November 6, 2024. ABT gained -21.29 points, or -21.35%, in 15 weeks. The price is now at the 20.67% retracement level.
 Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
The weekly MACD line is above its signal line since August 2, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 30, 2024 at 112.50 and reached 121.00 on November 6, 2024. ABT gained -8.50 points, or -7.56%, in 7 days. The price is now at the 51.76% retracement level.
Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 6, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
2 |
| Industry |
Health Care Equipment |
33 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
121.00 |
| High Date |
11/06/2024 |
| Low |
114.50 |
| Low Date |
11/07/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
112.50 |
| Low Date |
10/30/2024 |
| High |
121.00 |
| High Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
99.71 |
| Low Date |
07/18/2024 |
| High |
121.00 |
| High Date |
11/06/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
89.67 |
| Low Date |
10/12/2023 |
| High |
121.63 |
| High Date |
03/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
142.60 |
| High Date |
12/27/2021 |
| Low |
89.67 |
| Low Date |
10/12/2023 |
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