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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- 9/18/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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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 climbed 0.66 points, or 0.65%, and closed at 102.61 on Friday, September 18, 2026. Weekly volume was 12% 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. The price is now at the 34.85% 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 uptrend support line (105.69) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ABT may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

The weekly MACD line is above its signal line since June 18, 2026. This is an indication that the medium-term trend is up. 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 100.33 on September 17, 2026. ABT lost 17.01 points, or 14.50%, in 24 days. The price is now at the 13.40% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 26, 2026. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (103.29) comes close to the price (102.61). 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) 20.37
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 14.89
Oversold
Greed/Fear Indicator (GFI) 14.69
Oversold
Moving Average Converg./Diverg. (MACD) -0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.43
Williams' Percentage Range (W%R) 43.80
Lane's Stochastic (%D-Slow) 72.31
Greed/Fear Indicator (GFI) 61.89
Moving Average Converg./Diverg. (MACD) -1.68
Trading Signals
Description Value Chart
Upper Bollinger Band 116.25
Weekly Trendline Resistance 111.93
Weekly Stochastic Crossing 111.68
20 Day Moving Average 108.14
50 Day Moving Average 106.02
Weekly Trendline Support 105.69
Parabolic System 103.29
Price 102.61
Daily Stochastic Crossing 101.34
Lower Bollinger Band 95.76
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Equipment 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 117.34
High Date 08/24/2026
Low 100.33
Low Date 09/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 111.93
Support 105.69
Low 81.97
Low Date 05/11/2026
High 117.34
High Date 08/24/2026
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 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.