The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 2/20/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support lineLane's Stochastic is oversold
Daily :Broken trend support lineWilliams' Percentage Range is overboughtStochastic signal line moved below overbought area
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT gave back -0.47 points, or -0.42%, and closed at 112.21 on Friday, February 20, 2026. ABT was trading at average weekly trading volume.

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 Broadening Ascending Wedge chart pattern. The uptrend support line (120.68) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See ABT medium-term trend chart]
A medium-term downtrend had started on March 4, 2025 at 141.20 and reached 105.27 on January 28, 2026. ABT lost 35.93 points, or 25.45%, in 47 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (118.18) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 January 28, 2026 at 105.27 and reached 113.76 on February 12, 2026. ABT gained -8.49 points, or -8.06%, in 15 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (112.91) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since February 5, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.54
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 76.81
Greed/Fear Indicator (GFI) 73.29
Moving Average Converg./Diverg. (MACD) -2.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.52
Williams' Percentage Range (W%R) 77.10
Lane's Stochastic (%D-Slow) 18.06
Oversold
Greed/Fear Indicator (GFI) 26.60
Moving Average Converg./Diverg. (MACD) -2.64
Trading Signals
Description Value Chart
Yearly Trendline Support 120.68
50 Day Moving Average 118.62
Quarterly Trendline Support 118.18
Upper Bollinger Band 117.44
Weekly Trendline Resistance 113.31
Daily Stochastic Crossing 113.06
Weekly Trendline Support 112.91
Price 112.21
Parabolic System 111.07
20 Day Moving Average 110.17
Weekly Stochastic Crossing 110.04
Lower Bollinger Band 108.39
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Equipment 23
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.40
High Date 02/19/2026
Low 111.18
Low Date 02/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 113.31
Support 112.91
Low 105.27
Low Date 01/28/2026
High 113.76
High Date 02/12/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 137.49
High Date 09/22/2025
Low 105.27
Low Date 01/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 137.44
Support 118.18
High 141.20
High Date 03/04/2025
Low 105.27
Low Date 01/28/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 160.53
Support 120.68
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.