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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- 6/12/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaPrice is near the trend low.
Daily :Trend support at 88.54The 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 -2.89 points, or -3.17%, and closed at 88.18 on Friday, June 12, 2026. Weekly volume was 58% 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. 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 (117.35) 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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. Use the following links to access Lane's Stochastic 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. 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 May 11, 2026 at 81.97 and reached 92.73 on June 5, 2026. ABT gained -10.76 points, or -13.13%, in 25 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (88.54) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

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

The daily MACD line is above its signal line since May 14, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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) 52.49
Williams' Percentage Range (W%R) 36.20
Lane's Stochastic (%D-Slow) 58.86
Greed/Fear Indicator (GFI) 58.39
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.23
Williams' Percentage Range (W%R) 81.10
Oversold
Lane's Stochastic (%D-Slow) 21.66
Greed/Fear Indicator (GFI) 25.49
Moving Average Converg./Diverg. (MACD) -8.47
Trading Signals
Description Value Chart
Weekly Trendline Resistance 94.14
Upper Bollinger Band 92.53
50 Day Moving Average 91.22
Daily Stochastic Crossing 90.07
Weekly Trendline Support 88.54
Price 88.18
20 Day Moving Average 88.07
Parabolic System 86.98
Weekly Stochastic Crossing 85.92
Lower Bollinger Band 85.06
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Equipment 28
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.96
Low Date 05/27/2026
High 92.73
High Date 06/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 94.14
Support 88.54
Low 81.97
Low Date 05/11/2026
High 92.73
High Date 06/05/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 137.49
High Date 09/22/2025
Low 81.97
Low Date 05/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 136.62
Support 117.35
High 141.20
High Date 03/04/2025
Low 81.97
Low Date 05/11/2026
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.