ABBOTT LABORATORIES - Daily - Technical analysis published on 07/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 107.01 USD
My targets
98.74 USD (-3.40%)
96.10 USD (-5.99%)
My analysis
ABBOTT LABORATORIES is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 107.01 USD. The next support located at 98.74 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 96.10 USD. Below this support, sellers could then target 92.15 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ABBOTT LABORATORIES rating 102.22 USD. The price registered an increase of +2.15% on the session and was between 100.08 USD and 102.40 USD. This implies that the price is at +2.14% from its lowest and at -0.18% from its highest.100.08
102.40
102.22
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABBOTT LABORATORIES:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ABBOTT LABORATORIES chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 92.15 | 96.10 | 98.74 | 102.22 | 107.01 | 112.91 | 119.57 |
| Change (%) | -9.85% | -5.99% | -3.40% | - | +4.69% | +10.46% | +16.97% |
| Change | -10.07 | -6.12 | -3.48 | - | +4.79 | +10.69 | +17.35 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.04 | 96.88 | 98.47 | 101.31 | 102.90 | 105.74 | 107.33 |
| Camarilla | 98.85 | 99.26 | 99.66 | 100.07 | 100.48 | 100.88 | 101.29 |
| Woodie | 93.43 | 96.57 | 97.86 | 101.00 | 102.29 | 105.43 | 106.72 |
| Fibonacci | 96.88 | 98.57 | 99.61 | 101.31 | 103.00 | 104.04 | 105.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.97 | 98.60 | 101.13 | 102.76 | 105.29 | 106.92 | 109.45 |
| Camarilla | 102.53 | 102.91 | 103.29 | 103.67 | 104.05 | 104.43 | 104.81 |
| Woodie | 97.43 | 98.83 | 101.59 | 102.99 | 105.75 | 107.15 | 109.91 |
| Fibonacci | 98.60 | 100.19 | 101.17 | 102.76 | 104.35 | 105.33 | 106.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.33 | 97.35 | 100.36 | 104.38 | 107.39 | 111.41 | 114.42 |
| Camarilla | 101.43 | 102.07 | 102.72 | 103.36 | 104.00 | 104.65 | 105.29 |
| Woodie | 92.82 | 97.10 | 99.85 | 104.13 | 106.88 | 111.16 | 113.91 |
| Fibonacci | 97.35 | 100.04 | 101.70 | 104.38 | 107.07 | 108.73 | 111.41 |
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): | 46.66 | |
| MACD (12,26,9): | -0.4500 | |
| Directional Movement: | -6.49 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 102.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.65 | |
| Elder Ray (13): | -1.60 | |
| Super Trend (3,10): | 106.37 | |
| Zig ZAG (10): | 102.13 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 43.06 | |
| TEMA (21): | 102.34 | |
| Williams %R (14): | -58.42 | |
| Chande Momentum Oscillator (20): | -0.48 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.42 |
| MA7: | 102.85 | |
| MA20: | 103.11 | |
| MA50: | 103.37 | |
| MA100: | 107.27 | |
| MAexp7: | 102.46 | |
| MAexp20: | 102.92 | |
| MAexp50: | 103.99 | |
| MAexp100: | 105.40 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | -1.11% | |
| Price / MA100: | -4.71% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -1.70% | |
| Price / MAexp100: | -3.02% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
Don't forget to follow the news on ABBOTT LABORATORIES. At the time of publication of this analysis, the latest news was as follows:
- Abbott Reports Second-Quarter 2024 Results and Raises Full-Year Guidance
-
Gov. Greg Abbott: America needs Donald Trump
-
Texas Gov. Abbott: Biden 'deserted his duty' on the southern border
- Abbott Hosts Conference Call for Second-Quarter Earnings
- Innovating for a Healthier, Sustainable Future
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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