The Greedy Trader Weekly Analysis
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- 5/23/2025 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARThe 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 -3.50 points, or -2.60%, and closed at 131.30 on Friday, May 23, 2025. Weekly volume was 16% 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 price is now at the 19.21% 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 141.20 on March 4, 2025. ABT gained -41.49 points, or -41.61%, in 32 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 122.80 and resistance is at 155.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 4, 2025. The distance between MACD and the signal line is low and getting smaller. 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 15, 2025 at 125.60 and reached 136.80 on May 2, 2025. ABT gained -11.20 points, or -8.92%, in 17 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.14 and resistance is at 140.40. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.40
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 66.25
Greed/Fear Indicator (GFI) 51.49
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.75
Williams' Percentage Range (W%R) 31.40
Lane's Stochastic (%D-Slow) 61.32
Greed/Fear Indicator (GFI) 59.13
Moving Average Converg./Diverg. (MACD) 4.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 155.96
Weekly Trendline Resistance 140.40
Upper Bollinger Band 135.92
Daily Stochastic Crossing 132.84
20 Day Moving Average 132.28
Price 131.30
Weekly Stochastic Crossing 131.13
50 Day Moving Average 129.85
Weekly Trendline Support 129.14
Parabolic System 129.00
Lower Bollinger Band 128.13
Quarterly Trendline Support 122.80
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Equipment 48
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 128.19
Low Date 05/14/2025
High 136.17
High Date 05/21/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 140.40
Support 129.14
Low 125.60
Low Date 04/15/2025
High 136.80
High Date 05/02/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.50
Low Date 04/07/2025
High 136.80
High Date 05/02/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 155.96
Support 122.80
Low 99.71
Low Date 07/18/2024
High 141.20
High Date 03/04/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.