ABBOTT LABORATORIES (ABT) Stock Technical Analysis
NYSE:ABT - New York Stock Exchange, Inc. - US0028241000 - Common Stock - Currency: USD
Taking everything into account, ABT scores 5 out of 10 in our technical rating. ABT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that ABT is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by ABT over the past year are nicely spread over this period.
ABT is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 76% of 187 stocks in the same industry.
ABT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABT is lagging the market slightly.
ABT has an average volume of 6119530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month ABT has a been trading in a tight range between 131.26 and 139.06.
Although the technical rating is only medium, 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 129.43, a Stop Loss order could be placed below this zone.
More info and screens
111.19
141.63
We found 4 important support areas.
- A support zone ranging from 128.85 to 129.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 123.00 to 125.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @116.26 from a trend line in the weekly time frame.
- A support zone ranging from 112.31 to 112.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 132.47 to 134.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 138.02 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 | UP | POSITIVE | The long term trend for ABT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABT is down. |
| ChartMill Relative Strength | 71.11 | POSITIVE | ABT has a high relative strength, it outperformed 71.11% off all stocks 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) | UP | MIXED | The current price of ABT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.31 | NEUTRAL | The RSI value for ABT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ABT has a negative trend. |
| Stochastics (14,3) | 20.29 | NEUTRAL | The Stochastics value for ABT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for ABT suggests low volalility. |
| Average Directional Index/ADX (14) | 8.08 | NEGATIVE | The low ADX value for ABT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
132.02
-1.58 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.18%
1 Week-1.8%
2 Weeks-1.23%
1 Month-2.41%
3 Month4.05%
6 Month17.55%
12 Month26.67%
2 Year18.58%
3 Year21.3%
5 Year31.18%
10 Year160.45%
15 Year437.98%
Volatility
ATR(14)2.63
ATR(20)%1.84%
ATR Inc-14.54%
Range Today2.32
ADR(20)2.42
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.11
Mansfield0
10 Day High137.08
10 Day Low131.26
20 Day High139.06
20 Day Low131.26
52 Week High141.23
52 Week Low99.71
CS1 End129.43
CR1 Start132.47
Volume & EV
DER(3)-1.1%
DER(5)0.61%
Volume4.66M
Volume Incr-4.77%
Vol(5)5.57M
Vol(50)6.12M