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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- 1/23/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldThe period of high volatility of the stock price
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -14.34 points, or -11.78%, and closed at 107.42 on Friday, January 23, 2026. Weekly volume was 221% above average.

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 uptrend support line (119.68) 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 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 105.78 on January 22, 2026. ABT lost 35.42 points, or 25.08%, in 46 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (118.38) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

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 downtrend had started on December 15, 2025 at 129.64 and reached 105.78 on January 22, 2026. ABT lost 23.86 points, or 18.40%, in 38 days. The price is now at the 6.87% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since January 12, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is 148.94% higher then one year average. It indicates the period of high 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.92
Oversold
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 8.15
Strong Oversold
Greed/Fear Indicator (GFI) 11.86
Oversold
Moving Average Converg./Diverg. (MACD) -1.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.16
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 34.49
Greed/Fear Indicator (GFI) 26.46
Moving Average Converg./Diverg. (MACD) -0.90 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 132.08
Monthly Trendline Resistance 126.18
50 Day Moving Average 125.07
20 Day Moving Average 123.00
Parabolic System 121.40
Yearly Trendline Support 119.68
Monthly Trendline Support 118.76
Quarterly Trendline Support 118.38
Weekly Stochastic Crossing 113.66
Lower Bollinger Band 110.88
Daily Stochastic Crossing 107.61
Price 107.42
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Health Care Equipment 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 129.46
High Date 01/06/2026
Low 105.78
Low Date 01/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.64
High Date 12/15/2025
Low 105.78
Low Date 01/22/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 126.18
Support 118.76
High 137.49
High Date 09/22/2025
Low 105.78
Low Date 01/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 137.64
Support 118.38
High 141.20
High Date 03/04/2025
Low 105.78
Low Date 01/22/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 159.02
Support 119.68
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.