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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- 1/2/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :A Parabolic SAR indicator is above and near the price
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT gave back -0.65 points, or -0.52%, and closed at 124.19 on Friday, January 2, 2026. Weekly volume was -31% 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 118.95 and resistance is at 157.91. 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 Channel chart pattern. The trend support level is at 118.53 and resistance is at 137.79. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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. 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 chart has formed a Symmetric Triangle chart pattern. The trend support level is at 127.26 and resistance is at 123.88. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 December 12, 2025. 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.

A Parabolic SAR (stop and reversal) indicator (123.61) comes close to the price (124.19). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.46
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 28.43
Greed/Fear Indicator (GFI) 42.21
Moving Average Converg./Diverg. (MACD) -0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.12
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 34.28
Greed/Fear Indicator (GFI) 33.91
Moving Average Converg./Diverg. (MACD) -0.49
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 137.79
Upper Bollinger Band 128.57
Monthly Trendline Resistance 128.03
Weekly Trendline Support 127.26
50 Day Moving Average 126.04
20 Day Moving Average 124.85
Daily Stochastic Crossing 124.75
Weekly Stochastic Crossing 124.43
Price 124.19
Weekly Trendline Resistance 123.88
Parabolic System 123.61
Lower Bollinger Band 122.13
Monthly Trendline Support 119.70
Yearly Trendline Support 118.95
Quarterly Trendline Support 118.53
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 129.64
High Date 12/15/2025
Low 123.64
Low Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 123.88
Support 127.26
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 128.03
Support 119.70
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 Channel
Status Valid
Resistance 137.79
Support 118.53
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 157.91
Support 118.95
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.