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Advanced TA SearchArchive
- 5/10/2024 -
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Abbott Labs (ABT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -1.16 points, or -1.10%, and closed at 104.74 on Friday, May 10, 2024. Weekly volume was 17% above 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 (87.54) 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 uptrend had started on October 12, 2023 at 89.67 and reached 121.63 on March 8, 2024. ABT gained -31.96 points, or -35.64%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (131.24) 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 medium-term trend.
 Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 May 7, 2024 at 106.60 and reached 104.28 on May 8, 2024. ABT lost 2.32 points, or 2.18%, in 1 days. The price is now at the 19.83% retracement level.
Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.
The daily MACD line is above its signal line since April 25, 2024. The distance between MACD and the signal line is low and getting smaller.
The price touches the lower Bollinger Band. 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.
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