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Advanced TA SearchArchive
- 9/15/2023 -
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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 climbed 1.01 points, or 1.00%, and closed at 101.74 on Friday, September 15, 2023. It was the best weekly gain since July 21, 2023. Weekly volume was -9% below average.
 Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on October 21, 2022 at 93.25 and reached 115.83 on July 24, 2023. ABT gained -22.58 points, or -24.21%, in 39 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend support (100.61) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See ABT medium-term trend chart]
A medium-term downtrend had started on July 24, 2023 at 115.83 and reached 99.77 on September 6, 2023. ABT lost 16.06 points, or 13.87%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 97.84 and resistance is at 103.55. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 August 18, 2023. 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 uptrend had started on September 6, 2023 at 99.77 and reached 103.62 on September 14, 2023. ABT gained -3.85 points, or -3.86%, in 8 days. The price is now at the 48.83% retracement 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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