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Downtrend Broken Resist.Archive
- 10/9/2026 -
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Abbott Labs (ABT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Abbott Labs (ABT). During the week, the ABT gained 2.10 points, or 2.15%, and closed at 99.60 on Friday, October 9, 2026. It was the best weekly gain since August 21, 2026. ABT was trading at average weekly trading volume.
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 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 price is now at the 29.77% retracement level.
 Medium-term trend: [See ABT medium-term trend chart]
A medium-term uptrend had started on May 11, 2026 at 81.97 and reached 117.34 on August 24, 2026. ABT gained -35.37 points, or -43.15%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 97.06 and resistance is at 105.50. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 above its signal line since June 18, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 24, 2026 at 117.34 and reached 95.06 on October 2, 2026. ABT lost 22.28 points, or 18.99%, in 39 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (92.66) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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