The Greedy Trader Weekly Analysis
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S&P 500 Oversold Stocks

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- 4/10/2026 -
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Abbott Labs (ABT) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support lineOversold sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergencePrice is near the Fibonacci 61.8% retracement level
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -2.57 points, or -2.50%, and closed at 100.30 on Friday, April 10, 2026. Weekly volume was 26% above average.

ABT is a member of Health Care Sector. Health Care is the second most oversold 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 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 (122.47) is broken. A broken support is considered to be a long-term bearish signal. 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 99.34 on April 10, 2026. ABT lost 41.86 points, or 29.65%, in 57 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (117.82) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and 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 March 31, 2026 at 100.88 and reached 99.34 on April 10, 2026. ABT lost 1.54 points, or 1.53%, in 10 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since April 9, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.72
Williams' Percentage Range (W%R) 73.10
Lane's Stochastic (%D-Slow) 31.43
Bullish
Greed/Fear Indicator (GFI) 29.35
Moving Average Converg./Diverg. (MACD) -2.44 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.12
Williams' Percentage Range (W%R) 89.70
Oversold
Lane's Stochastic (%D-Slow) 12.86
Oversold
Greed/Fear Indicator (GFI) 19.32
Oversold
Moving Average Converg./Diverg. (MACD) -4.72 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 117.82
Upper Bollinger Band 110.33
50 Day Moving Average 108.92
20 Day Moving Average 104.63
Parabolic System 102.84
Weekly Stochastic Crossing 101.25
Daily Stochastic Crossing 100.79
Price 100.30
Lower Bollinger Band 99.15
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 14
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 100.88
High Date 03/31/2026
Low 99.34
Low Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.82
High Date 02/27/2026
Low 99.34
Low Date 04/10/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 137.49
High Date 09/22/2025
Low 99.34
Low Date 04/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 137.08
Support 117.82
High 141.20
High Date 03/04/2025
Low 99.34
Low Date 04/10/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 163.24
Support 122.47
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.