ABB LTD - 1H - Technical analysis published on 08/08/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 29.46 USD
My targets
29.89 USD (+0.71%)
30.44 USD (+2.56%)
My analysis
The basic trend is bullish on ABB LTD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 29.46 USD. Sellers would then use the next support located at 28.86 USD as an objective. Crossing it would then enable sellers to target 27.96 USD. If there is a return to above the resistance located at 29.89 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 30.44 USD and 32.04 USD by extension.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by Londinia.
Additional analysis
Quotes
The ABB LTD price is 29.68 USD. The price registered a decrease of -0.03% on the session and was traded between 29.60 USD and 30.09 USD over the period. The price is currently at +0.27% from its lowest and -1.36% from its highest.29.60
30.09
29.68
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ABB LTD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.96 | 28.86 | 29.46 | 29.68 | 29.89 | 30.44 | 32.04 |
| Change (%) | -5.80% | -2.76% | -0.74% | - | +0.71% | +2.56% | +7.95% |
| Change | -1.72 | -0.82 | -0.22 | - | +0.21 | +0.76 | +2.36 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.07 | 29.20 | 29.45 | 29.58 | 29.83 | 29.96 | 30.21 |
| Camarilla | 29.59 | 29.62 | 29.66 | 29.69 | 29.73 | 29.76 | 29.80 |
| Woodie | 29.12 | 29.23 | 29.50 | 29.61 | 29.88 | 29.99 | 30.26 |
| Fibonacci | 29.20 | 29.35 | 29.44 | 29.58 | 29.73 | 29.82 | 29.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.37 | 28.86 | 29.27 | 29.76 | 30.17 | 30.66 | 31.07 |
| Camarilla | 29.44 | 29.53 | 29.61 | 29.69 | 29.77 | 29.86 | 29.94 |
| Woodie | 28.34 | 28.84 | 29.24 | 29.74 | 30.14 | 30.64 | 31.04 |
| Fibonacci | 28.86 | 29.20 | 29.41 | 29.76 | 30.10 | 30.31 | 30.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.74 | 24.30 | 27.33 | 28.89 | 31.92 | 33.48 | 36.51 |
| Camarilla | 29.11 | 29.53 | 29.95 | 30.37 | 30.79 | 31.21 | 31.63 |
| Woodie | 23.49 | 24.67 | 28.08 | 29.26 | 32.67 | 33.85 | 37.26 |
| Fibonacci | 24.30 | 26.05 | 27.13 | 28.89 | 30.64 | 31.72 | 33.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.21 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -1.50 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 29.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.41 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 29.40 | |
| Zig ZAG (10): | 29.67 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 42.64 | |
| TEMA (21): | 29.67 | |
| Williams %R (14): | -65.12 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.70 |
| MA7: | 29.91 | |
| MA20: | 28.57 | |
| MA50: | 28.44 | |
| MA100: | 29.81 | |
| MAexp7: | 29.73 | |
| MAexp20: | 29.76 | |
| MAexp50: | 29.63 | |
| MAexp100: | 29.15 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | +3.89% | |
| Price / MA50: | +4.36% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +1.82% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ABB LTD. At the time of publication of this analysis, the latest news was as follows:
- ABB and Red Hat Partner to Deliver Further Scalable Digital Solutions Across Industrial Edge and Hybrid Cloud
- ABB survey finds 70% of US businesses looking to bring production closer to home, robotic automation and workforce upskilling essential to return of operations
- ABB’s new Ty-Rap® TyGenic™ antimicrobial detectable cable ties help cut contamination risk
- Thinking about buying stock in Redbox Entertainment, Mullen Automotive, American Airlines, ABB, or Bitnile?
- Islandsbanki hf.: UPDATE ON ÍSLANDSBANKI’S ABB: PRICE GUIDANCE AND THE OFFER SIZE
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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