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S&P 500 Oversold StocksArchive
- 5/2/2025 -
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Abbott Labs (ABT) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the Abbott Labs (ABT). During the week, the ABT gained 3.92 points, or 3.04%, and closed at 132.82 on Friday, May 2, 2025. Weekly volume was 14% above average.
 Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on July 18, 2024 at 99.71 and reached 141.20 on March 4, 2025. ABT gained -41.49 points, or -41.61%, in 32 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 117.58 and resistance is at 152.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 120.50 on April 7, 2025. ABT lost 20.70 points, or 14.66%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 135.79 and resistance is at 122.15. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See ABT short-term trend chart]
A short-term uptrend had started on April 23, 2025 at 127.13 and reached 136.80 on May 2, 2025. ABT gained -9.67 points, or -7.61%, in 9 days. The price is now at the 41.16% 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 April 15, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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