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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- 1/9/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the Abbott Labs (ABT). During the week, the ABT gained 1.73 points, or 1.39%, and closed at 125.92 on Friday, January 9, 2026. It was the best weekly gain since November 14, 2025. Weekly volume was -7% below average.

ABT is a member of Health Care Sector. Health Care is the most overbought 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. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 119.21 and resistance is at 158.30. 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 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 119.77 on July 17, 2025. ABT lost 21.43 points, or 15.18%, in 19 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 118.48 and resistance is at 135.43. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 December 10, 2025 at 120.70 and reached 129.64 on December 15, 2025. ABT gained -8.94 points, or -7.41%, in 5 days. The price is now at the 41.61% retracement level.

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

The daily MACD line is above its signal line since December 12, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.91% on Friday. It is 50.55% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.98
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 65.32
Greed/Fear Indicator (GFI) 58.07
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.74
Williams' Percentage Range (W%R) 65.90
Lane's Stochastic (%D-Slow) 36.86
Greed/Fear Indicator (GFI) 38.53
Moving Average Converg./Diverg. (MACD) -0.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 135.43
Parabolic System 129.21
Upper Bollinger Band 128.29
Monthly Trendline Resistance 127.36
Daily Stochastic Crossing 126.73
50 Day Moving Average 126.01
Price 125.92
20 Day Moving Average 125.70
Weekly Stochastic Crossing 125.55
Lower Bollinger Band 123.38
Monthly Trendline Support 119.36
Yearly Trendline Support 119.21
Quarterly Trendline Support 118.48
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Health Care Equipment 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 122.50
Low Date 01/05/2026
High 129.46
High Date 01/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.70
Low Date 12/10/2025
High 129.64
High Date 12/15/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 127.36
Support 119.36
High 137.49
High Date 09/22/2025
Low 120.70
Low Date 12/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 135.43
Support 118.48
High 141.20
High Date 03/04/2025
Low 119.77
Low Date 07/17/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 158.30
Support 119.21
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.