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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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- 11/19/2021 -
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Abbott Labs (ABT)

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARBearish Three Black Crows CandlestickThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -1.61 points, or -1.25%, and closed at 126.84 on Friday, November 19, 2021. ABT was trading at average weekly trading volume.

Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on January 2, 2013 at 31.64 and reached 131.60 on November 16, 2021. ABT gained -99.96 points, or -315.93%, in 462 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (44.57) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See ABT medium-term trend chart]
A medium-term uptrend had started on January 28, 2016 at 36.00 and reached 131.60 on November 16, 2021. ABT gained -95.60 points, or -265.56%, in 302 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (72.03) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since October 29, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 6, 2021 at 114.40 and reached 131.60 on November 16, 2021. ABT gained -17.20 points, or -15.03%, in 41 days. The price is now at the 27.67% retracement level.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 17, 2021. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.23% on Friday. It is 50.67% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Candlestick pattern: [See ABT candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.70
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 60.83
Greed/Fear Indicator (GFI) 54.86
Moving Average Converg./Diverg. (MACD) 1.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.22
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 79.09
Greed/Fear Indicator (GFI) 70.53
Moving Average Converg./Diverg. (MACD) 2.13
Trading Signals
Description Value Chart
Parabolic System 131.73
Upper Bollinger Band 129.58
Weekly Stochastic Crossing 129.20
Daily Stochastic Crossing 129.05
20 Day Moving Average 127.90
Price 126.84
Lower Bollinger Band 124.24
50 Day Moving Average 123.87
Quarterly Trendline Resistance 116.35
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Equipment 27
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.40
Low Date 10/06/2021
High 131.60
High Date 11/16/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.36
Low Date 06/02/2021
High 131.60
High Date 11/16/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.38
Low Date 12/01/2016
High 131.60
High Date 11/16/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 116.35
Support 72.03
Low 36.00
Low Date 01/28/2016
High 131.60
High Date 11/16/2021
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 14.62
Support 44.57
Low 31.64
Low Date 01/02/2013
High 131.60
High Date 11/16/2021
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.

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