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.

Archive
- 7/2/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :MACD bearish divergenceThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the Abbott Labs (ABT). During the week, the ABT gained 1.28 points, or 1.36%, and closed at 95.40 on Thursday, July 2, 2026. Weekly volume was 23% above 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 95.74 on July 2, 2026. ABT gained -13.77 points, or -16.80%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 91.72 and resistance is at 97.81. 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 30, 2026 at 90.61 and reached 95.74 on July 2, 2026. ABT gained -5.13 points, or -5.66%, in 2 days. The price is now at the 6.63% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 63.62
Williams' Percentage Range (W%R) 26.90
Lane's Stochastic (%D-Slow) 71.48
Greed/Fear Indicator (GFI) 69.41
Moving Average Converg./Diverg. (MACD) 0.54 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.30
Williams' Percentage Range (W%R) 67.20
Lane's Stochastic (%D-Slow) 46.65
Greed/Fear Indicator (GFI) 41.84
Moving Average Converg./Diverg. (MACD) -8.55
Trading Signals
Description Value Chart
Monthly Trendline Resistance 97.81
Price 95.40
Upper Bollinger Band 94.81
Daily Stochastic Crossing 93.48
Monthly Trendline Support 91.72
Parabolic System 90.89
20 Day Moving Average 90.70
Weekly Stochastic Crossing 89.29
50 Day Moving Average 88.93
Lower Bollinger Band 86.84
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Health Care Equipment 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.61
Low Date 06/30/2026
High 95.74
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.07
Low Date 06/12/2026
High 95.74
High Date 07/02/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 97.81
Support 91.72
Low 81.97
Low Date 05/11/2026
High 95.74
High Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.