ABBOTT LABORATORIES (ABT) Stock Technical Analysis
NYSE:ABT • US0028241000
Taking everything into account, ABT scores 1 out of 10 in our technical rating. ABT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ABT is a bad performer in the overall market: 83% of all stocks are doing better.
- ABT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ABT has a been trading in the 105.27 - 113.76 range, which is quite wide. It is currently trading near the high of this range.
- ABT has an average volume of 9484890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ABT is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, ABT did better than 47% of them.
ABT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
104.99
We found 1 important support area.
- A support zone ranging from 106.05 to 107.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @113.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 122.13 to 122.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @125.92 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 128.56 to 131.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @135.55 from a horizontal line in the daily time frame.
- Resistance @138.01 from a horizontal line in the weekly time frame.
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 | 17.93 | NEGATIVE | ABT has a low relative strength, it was outperformed by 82.07% off all stocks 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 | 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) | 44.72 | NEUTRAL | The RSI value for ABT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests ABT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.78 | OVERBOUGHT | The high Stochastics value suggests ABT may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ABT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for ABT suggests a possible start of a new trend. |
112.21
+0.02 (+0.02%)
ABBOTT LABORATORIES / ABT FAQ
What is the technical rating for ABT stock?
ChartMill assigns a technical rating of 1 / 10 to ABT.
What is the current trend direction of ABBOTT LABORATORIES (ABT) stock?
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 44.7194. This indicates that the stock is currently neutral.
What is the MACD signal for ABBOTT LABORATORIES (ABT) stock?
The MACD indicator for ABBOTT LABORATORIES (ABT) has a value of 0.824929, indicating a bearish trend.
What is the support and resistance level for ABT stock?
ABBOTT LABORATORIES (ABT) has a support level at 107.66 and a resistance level at 113.59. Check the full technical report for our detailed analysis of ABT support and resistance levels.