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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- 9/4/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -4.14 points, or -3.68%, and closed at 108.33 on Friday, September 4, 2026. Weekly volume was -21% 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 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 44.50% 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 103.28 and resistance is at 109.53. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 107.36 on September 4, 2026. ABT lost 9.98 points, or 8.51%, in 11 days. The price is now at the 9.72% 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. 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 44.92
Williams' Percentage Range (W%R) 92.50
Strong Oversold
Lane's Stochastic (%D-Slow) 10.50
Oversold
Greed/Fear Indicator (GFI) 20.96
Moving Average Converg./Diverg. (MACD) 2.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.64
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 88.20
Overbought
Greed/Fear Indicator (GFI) 74.47
Moving Average Converg./Diverg. (MACD) -2.83
Trading Signals
Description Value Chart
Upper Bollinger Band 115.39
Weekly Stochastic Crossing 113.95
Parabolic System 113.28
20 Day Moving Average 111.89
Monthly Trendline Resistance 109.53
Daily Stochastic Crossing 108.34
Price 108.33
Lower Bollinger Band 104.97
50 Day Moving Average 104.37
Monthly Trendline Support 103.28
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Equipment 79
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 117.34
High Date 08/24/2026
Low 107.36
Low Date 09/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 117.34
High Date 08/24/2026
Low 107.36
Low Date 09/04/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 109.53
Support 103.28
Low 81.97
Low Date 05/11/2026
High 117.34
High Date 08/24/2026
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.