ABB LTD N - 1H - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 33.2800 CHF
My targets
32.7000 CHF (-0.76%)
32.4500 CHF (-1.52%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ABB LTD N as long as the price remains well below 33.2800 CHF. The next bearish objective for sellers is set at 32.7000 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 32.4500 CHF. If there is any crossing, the next objective would be the support located at 32.1500 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ABB LTD N rating 32.9500 CHF. The price is lower by -0.15% since the last closing with the lowest point at 32.8400 CHF and the highest point at 33.0800 CHF. The deviation from the price is +0.33% for the low point and -0.39% for the high point.32.8400
33.0800
32.9500
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABB LTD N:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ABB LTD N indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.1500 | 32.4500 | 32.7000 | 32.9500 | 33.0033 | 33.2800 | 33.6920 |
| Change (%) | -2.43% | -1.52% | -0.76% | - | +0.16% | +1.00% | +2.25% |
| Change | -0.8000 | -0.5000 | -0.2500 | - | +0.0533 | +0.3300 | +0.7420 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.5800 | 32.7200 | 32.8600 | 33.0000 | 33.1400 | 33.2800 | 33.4200 |
| Camarilla | 32.9230 | 32.9487 | 32.9743 | 33.0000 | 33.0257 | 33.0513 | 33.0770 |
| Woodie | 32.5800 | 32.7200 | 32.8600 | 33.0000 | 33.1400 | 33.2800 | 33.4200 |
| Fibonacci | 32.7200 | 32.8270 | 32.8930 | 33.0000 | 33.1070 | 33.1730 | 33.2800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.5300 | 32.1100 | 32.4900 | 33.0700 | 33.4500 | 34.0300 | 34.4100 |
| Camarilla | 32.6060 | 32.6940 | 32.7820 | 32.8700 | 32.9580 | 33.0460 | 33.1340 |
| Woodie | 31.4300 | 32.0600 | 32.3900 | 33.0200 | 33.3500 | 33.9800 | 34.3100 |
| Fibonacci | 32.1100 | 32.4767 | 32.7033 | 33.0700 | 33.4367 | 33.6633 | 34.0300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.8167 | 31.0233 | 32.3567 | 33.5633 | 34.8967 | 36.1033 | 37.4367 |
| Camarilla | 32.9915 | 33.2243 | 33.4572 | 33.6900 | 33.9228 | 34.1557 | 34.3885 |
| Woodie | 29.8800 | 31.0550 | 32.4200 | 33.5950 | 34.9600 | 36.1350 | 37.5000 |
| Fibonacci | 31.0233 | 31.9936 | 32.5931 | 33.5633 | 34.5336 | 35.1331 | 36.1033 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.08 | |
| MACD (12,26,9): | -0.0530 | |
| Directional Movement: | -7.5312 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 32.9068 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.8077 | |
| Elder Ray (13): | -0.0385 | |
| Super Trend (3,10): | 33.3020 | |
| Zig ZAG (10): | 32.9800 | |
| VORTEX (21): | 1.0456 | |
| Stochastique (14,3,5): | 30.81 | |
| TEMA (21): | 32.9179 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -0.0800 | |
| Repulse (5,40,3): | 0.0459 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0282 | |
| Courbe Coppock: | 0.13 |
| MA7: | 33.1457 | |
| MA20: | 33.0940 | |
| MA50: | 33.7968 | |
| MA100: | 33.6792 | |
| MAexp7: | 32.9444 | |
| MAexp20: | 32.9835 | |
| MAexp50: | 33.0954 | |
| MAexp100: | 33.1957 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -2.51% | |
| Price / MA100: | -2.17% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.74% |
Quotes :
-
15 min delayed data
-
Switzerland SWX Stocks
News
The last news published on ABB LTD N at the time of the generation of this analysis was as follows:
- Q2 2023 results
- Q1 2023 results
- ABB shareholders approve all proposals at 2023 Annual General Meeting
- ABB Publishes ESEF Version of 2022 Annual Reports
- ABB Publishes Its First Integrated Report
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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