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
- 7/10/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -1.47 points, or -1.54%, and closed at 93.93 on Friday, July 10, 2026. Weekly volume was 10% 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 20.19% 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 98.14 on July 7, 2026. ABT gained -16.17 points, or -19.73%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 93.13 and resistance is at 99.22. 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. 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 July 7, 2026 at 98.14 and reached 93.47 on July 10, 2026. ABT lost 4.67 points, or 4.76%, in 3 days. The price is now at the 9.85% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 14, 2026. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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) 65.92
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 64.69
Greed/Fear Indicator (GFI) 67.32
Moving Average Converg./Diverg. (MACD) 1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.96
Williams' Percentage Range (W%R) 62.70
Lane's Stochastic (%D-Slow) 59.18
Greed/Fear Indicator (GFI) 47.30
Moving Average Converg./Diverg. (MACD) -8.34
Trading Signals
Description Value Chart
Monthly Trendline Resistance 99.22
Parabolic System 98.24
Upper Bollinger Band 97.79
Daily Stochastic Crossing 94.89
Price 93.93
Monthly Trendline Support 93.13
Weekly Stochastic Crossing 92.60
20 Day Moving Average 91.81
50 Day Moving Average 89.19
Lower Bollinger Band 86.96
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 50
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.14
High Date 07/07/2026
Low 93.47
Low Date 07/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.07
Low Date 06/12/2026
High 98.14
High Date 07/07/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 99.22
Support 93.13
Low 81.97
Low Date 05/11/2026
High 98.14
High Date 07/07/2026
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.