The Greedy Trader Weekly Analysis
Sign In Jul 12, 2024
Skip Navigation Links
TA Search
Share
Daily RSI:< 20
Number of records: 6
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

Advanced TA Search

Archive
- 7/5/2024 -
Sign In to see current Signals.

Abbott Labs (ABT) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the price20 Day Moving Average has crossed above the 50 Day Moving AverageBroken trend support lineThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Abbott Labs (ABT). During the week, the ABT climbed 0.11 points, or 0.11%, and closed at 104.02 on Friday, July 5, 2024. Weekly volume was -31% below average.

Long-term trend: [See ABT long-term trend chart]
A long-term downtrend had started on December 27, 2021 at 142.60 and reached 89.67 on October 12, 2023. ABT lost 52.93 points, or 37.12%, in 93 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (87.00) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See ABT medium-term trend chart]
A medium-term downtrend had started on March 8, 2024 at 121.63 and reached 100.64 on May 29, 2024. ABT lost 20.99 points, or 17.26%, in 11 weeks. The price is now at the 16.10% retracement level.

Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 28, 2024. 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 May 29, 2024 at 100.64 and reached 108.98 on June 10, 2024. ABT gained -8.34 points, or -8.29%, in 12 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (104.37) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ABT may retest the broken support line. It is considered to be a resistance line now. 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 short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (105.02) comes close to the price (104.02). It indicates that the trend is getting weaker. 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.

The price is close to 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 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.88
Williams' Percentage Range (W%R) 96.30
Strong Oversold
Lane's Stochastic (%D-Slow) 22.46
Greed/Fear Indicator (GFI) 26.36
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.89
Williams' Percentage Range (W%R) 93.40
Strong Oversold
Lane's Stochastic (%D-Slow) 37.09
Greed/Fear Indicator (GFI) 28.31
Moving Average Converg./Diverg. (MACD) -0.37
Trading Signals
Description Value Chart
Upper Bollinger Band 107.01
Parabolic System 105.02
20 Day Moving Average 104.67
50 Day Moving Average 104.60
Weekly Trendline Resistance 104.52
Weekly Trendline Support 104.37
Weekly Stochastic Crossing 104.16
Price 104.02
Daily Stochastic Crossing 102.61
Lower Bollinger Band 101.42
Yearly Trendline Resistance 99.59
Yearly Trendline Support 87.00
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.98
High Date 06/10/2024
Low 101.76
Low Date 07/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 104.52
Support 104.37
Low 100.64
Low Date 05/29/2024
High 108.98
High Date 06/10/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.63
High Date 03/08/2024
Low 100.64
Low Date 05/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.67
Low Date 10/12/2023
High 121.63
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 99.59
Support 87.00
High 142.60
High Date 12/27/2021
Low 89.67
Low Date 10/12/2023
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.