ABBOTT LABORATORIES (ABT) Stock Technical Analysis
USA - NYSE:ABT - US0028241000 - Common Stock
133.27 USD
+1.89 (+1.44%)
128.969 USD
-4.3 (-3.23%)
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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ABT is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. ABT outperforms 73% of them.
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 129.08 - 137.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ABT has an average volume of 5534030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ABT is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
ABT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 133.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 133.26, a Stop Loss order could be placed below this zone.
More info and screens
122.42
141.63
3 important support areas can be observed.
- A support zone ranging from 132.59 to 133.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 128.76 to 129.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 123.66 to 125.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 133.88 to 135.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ABT is neutral. |
| ChartMill Relative Strength | 70.33 | POSITIVE | ABT has a high relative strength, it outperformed 70.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABT is above 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) | 50.54 | NEUTRAL | The RSI value for ABT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ABT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.73 | 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) | 15.66 | 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 |
|---|---|---|---|
| 135.56 | 132.58 | 2.98 (2.20%) | 25.00% |
| An entry @135.56. This is a Buy Stop order right above the resistance zone. | An exit @132.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.98 points, which is 2.20%. | For a 0.55% 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.
133.27
+1.89 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.44%
1 Week0.19%
2 Weeks-0.5%
1 Month0.38%
3 Month7.76%
6 Month1.75%
12 Month11.63%
2 Year40.95%
3 Year34.7%
5 Year26.79%
10 Year197.48%
15 Year419.37%
Volatility
ATR(14)2.54
ATR(20)%1.88%
ATR Inc-23.01%
Range Today2.11
ADR(20)2.5
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.33
Mansfield-0.52
10 Day High135.45
10 Day Low129.08
20 Day High137.49
20 Day Low129.08
52 Week High141.23
52 Week Low110.86
CS1 End133.26
CR1 Start133.88
Volume & EV
DER(3)1.49%
DER(5)0.73%
Volume8.15M
Volume Incr-6.95%
Vol(5)5.54M
Vol(50)5.53M