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Downtrend Broken Resist.Archive
- 5/22/2026 -
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Abbott Labs (ABT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second positive week after 10 consecutive negative weeks for the Abbott Labs (ABT). During the week, the ABT gained 2.94 points, or 3.48%, and closed at 87.41 on Friday, May 22, 2026. It was the best weekly gain since February 27, 2026. Weekly volume was 20% above average.
ABT is a member of Health Care Sector. Health Care is the 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 141.20 on March 4, 2025. ABT gained -51.53 points, or -57.47%, in 72 weeks. Price is near the lowest trend level.
 Medium-term trend: [See ABT medium-term trend chart]
A medium-term downtrend had started on March 4, 2025 at 141.20 and reached 81.97 on May 11, 2026. ABT lost 59.23 points, or 41.95%, in 61 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (117.50) 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 Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly 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 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 downtrend had started on February 27, 2026 at 116.82 and reached 81.97 on May 11, 2026. ABT lost 34.85 points, or 29.83%, in 73 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (79.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ABT may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.
 Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since May 14, 2026.
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