The Greedy Trader Weekly Analysis
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- 3/21/2025 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 126.99
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldBullish Doji Candlestick
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT gave back -0.40 points, or -0.32%, and closed at 126.30 on Friday, March 21, 2025. Weekly volume was 20% above average.

Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on October 12, 2023 at 89.67 and reached 141.20 on March 4, 2025. ABT gained -51.53 points, or -57.47%, in 72 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (112.75) 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 July 18, 2024 at 99.71 and reached 141.20 on March 4, 2025. ABT gained -41.49 points, or -41.61%, in 32 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The price is near the trend resistance line (126.99). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 above its signal line since January 24, 2025. 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 downtrend had started on March 4, 2025 at 141.20 and reached 124.50 on March 14, 2025. ABT lost 16.70 points, or 11.83%, in 10 days. The price is now at the 10.78% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 5, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

Candlestick pattern: [See ABT candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.38
Oversold
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 16.60
Oversold
Greed/Fear Indicator (GFI) 15.59
Oversold
Moving Average Converg./Diverg. (MACD) 0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.93
Williams' Percentage Range (W%R) 49.20
Lane's Stochastic (%D-Slow) 80.00
Greed/Fear Indicator (GFI) 62.70
Moving Average Converg./Diverg. (MACD) 4.32
Trading Signals
Description Value Chart
Monthly Trendline Resistance 141.58
Upper Bollinger Band 139.72
Weekly Stochastic Crossing 136.70
Monthly Trendline Support 136.66
20 Day Moving Average 132.96
Parabolic System 130.97
50 Day Moving Average 128.15
Quarterly Trendline Resistance 126.99
Price 126.30
Daily Stochastic Crossing 125.75
Lower Bollinger Band 121.18
Yearly Trendline Resistance 120.66
Yearly Trendline Support 112.75
Quarterly Trendline Support 110.36
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Health Care Equipment 71
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 139.20
High Date 03/10/2025
Low 124.50
Low Date 03/14/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 141.20
High Date 03/04/2025
Low 124.50
Low Date 03/14/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 141.58
Support 136.66
Low 110.90
Low Date 01/15/2025
High 141.20
High Date 03/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Test Resistance
Resistance 126.99
Support 110.36
Low 99.71
Low Date 07/18/2024
High 141.20
High Date 03/04/2025
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 120.66
Support 112.75
Low 89.67
Low Date 10/12/2023
High 141.20
High Date 03/04/2025
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.