ABBOTT LABORATORIES (ABT) Stock Technical Analysis
NYSE:ABT - US0028241000 - Common Stock
131.87 USD
-0.72 (-0.54%)
131.87 USD
0 (0%)
We assign a technical rating of 6 out of 10 to ABT. Although ABT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ABT is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 72% of 185 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.
In the last month ABT has a been trading in the 125.47 - 134.71 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ABT has an average volume of 6694870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ABT outperforms 59% of them, which is more or less in line with the market.
Although the technical rating is only medium, ABT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 131.20, a Stop Loss order could be placed below this zone.
More info and screens
117.03
141.63
3 important support areas can be observed.
- A support zone ranging from 129.43 to 131.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 122.54 to 125.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @118.21 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @132.35 from a trend 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 | UP | POSITIVE | The long term trend for ABT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABT is up. |
| ChartMill Relative Strength | 59.76 | NEUTRAL | ABT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ABT is above a declining 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) | 53.64 | NEUTRAL | The RSI value for ABT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests ABT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.64 | NEUTRAL | The Stochastics value for ABT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for ABT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.38 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 132.36 | 129.42 | 2.94 (2.22%) | 25.00% |
| An entry @132.36. This is a Buy Stop order right above the resistance zone. | An exit @129.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.94 points, which is 2.22%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ABT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
131.87
-0.72 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.54%
1 Week1.23%
2 Weeks0.39%
1 Month4.37%
3 Month-1.28%
6 Month-4.45%
12 Month16.42%
2 Year28.15%
3 Year28.47%
5 Year20.46%
10 Year191.17%
15 Year434.54%
Volatility
ATR(14)2.4
ATR(20)%1.88%
ATR Inc-24.94%
Range Today1.47
ADR(20)2.43
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.76
Mansfield-0.33
10 Day High133.81
10 Day Low128.33
20 Day High134.71
20 Day Low125.47
52 Week High141.23
52 Week Low110.86
CS1 End131.2
CR1 Start132.35
Volume & EV
DER(3)1.37%
DER(5)1.07%
Volume4.71M
Volume Incr-29.12%
Vol(5)4.26M
Vol(50)6.69M