ABBOTT LABORATORIES (ABT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABT - US0028241000 - Common Stock
Taking everything into account, ABT scores 1 out of 10 in our technical rating. ABT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, ABT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 122.08, a Stop Loss order could be placed below this zone.
More info and screens
119.30
We found 1 important support area.
- A support zone ranging from 120.51 to 122.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 126.49 to 128.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @132.65 from a horizontal line in the daily time frame.
- Resistance @135.55 from a horizontal line in the daily time frame.
- A resistance zone ranging from 138.01 to 140.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ABT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABT is down. |
| ChartMill Relative Strength | 41.57 | NEUTRAL | ABT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.81 | NEUTRAL | The RSI value for ABT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests ABT has a negative trend. |
| Stochastics (14,3) | 22.33 | NEUTRAL | The Stochastics value for ABT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ABT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.18 | NEGATIVE | The low ADX value for ABT suggests a weak or negative trend. |
122.09
-2.99 (-2.39%)
ABBOTT LABORATORIES / ABT FAQ
What is the technical rating for ABT stock?
ChartMill assigns a technical rating of 1 / 10 to ABT.
Can you provide the trend direction for ABBOTT LABORATORIES?
The current trend direction for ABBOTT LABORATORIES (ABT) is Bearish.
What is the RSI signal for ABT stock?
ABBOTT LABORATORIES (ABT) has an RSI value of 34.8109. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ABBOTT LABORATORIES?
The short term momentum for ABBOTT LABORATORIES (ABT) is negative.
What is the buy/sell signal for ABBOTT LABORATORIES (ABT) stock?
The buy/sell signal for ABBOTT LABORATORIES (ABT) is sell as both the short term and long term trends are negative.