ABBOTT LABORATORIES - 1H - Technical analysis published on 07/22/2020 (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
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
33%
17%
My opinion
Bullish above 98.00 USD
My targets
100.71 USD (+1.96%)
My analysis
The basic bullish trend is very strong on ABBOTT LABORATORIES but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 98.00 USD. Crossing the first resistance at 100.71 USD would be a sign of a potential new surge in the price. Caution, a return to below 98.00 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABBOTT LABORATORIES rating is 98.77 USD. The price has increased by +0.59% since the last closing and was traded between 98.00 USD and 99.39 USD over the period. The price is currently at +0.79% from its lowest and -0.62% from its highest.98.00
99.39
98.77
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ABBOTT LABORATORIES indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 91.61 | 94.29 | 98.00 | 98.77 | 100.71 |
| Change (%) | -7.25% | -4.54% | -0.78% | - | +1.96% |
| Change | -7.16 | -4.48 | -0.77 | - | +1.94 |
| Level | Major | Minor | Major | - | Intermediate |
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 | 95.75 | 96.76 | 97.47 | 98.48 | 99.19 | 100.20 | 100.91 |
| Camarilla | 97.72 | 97.88 | 98.03 | 98.19 | 98.35 | 98.51 | 98.66 |
| Woodie | 95.61 | 96.69 | 97.33 | 98.41 | 99.05 | 100.13 | 100.77 |
| Fibonacci | 96.76 | 97.41 | 97.82 | 98.48 | 99.13 | 99.54 | 100.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.35 | 88.35 | 93.61 | 96.61 | 101.87 | 104.87 | 110.13 |
| Camarilla | 96.60 | 97.35 | 98.11 | 98.87 | 99.62 | 100.38 | 101.14 |
| Woodie | 86.48 | 88.92 | 94.74 | 97.18 | 103.00 | 105.43 | 111.25 |
| Fibonacci | 88.35 | 91.51 | 93.46 | 96.61 | 99.77 | 101.72 | 104.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78.97 | 82.40 | 86.74 | 90.17 | 94.51 | 97.94 | 102.28 |
| Camarilla | 88.94 | 89.65 | 90.36 | 91.08 | 91.79 | 92.50 | 93.21 |
| Woodie | 79.42 | 82.62 | 87.19 | 90.39 | 94.96 | 98.16 | 102.73 |
| Fibonacci | 82.40 | 85.37 | 87.20 | 90.17 | 93.14 | 94.97 | 97.94 |
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): | 55.72 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 13.35 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 99.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 99.61 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 97.47 | |
| Zig ZAG (10): | 98.72 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 40.64 | |
| TEMA (21): | 98.72 | |
| Williams %R (14): | -52.74 | |
| Chande Momentum Oscillator (20): | -0.26 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.87 |
| MA7: | 97.61 | |
| MA20: | 93.31 | |
| MA50: | 91.61 | |
| MA100: | 87.61 | |
| MAexp7: | 98.65 | |
| MAexp20: | 98.47 | |
| MAexp50: | 97.10 | |
| MAexp100: | 95.23 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +5.85% | |
| Price / MA50: | +7.82% | |
| Price / MA100: | +12.74% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +1.72% | |
| Price / MAexp100: | +3.72% |
Quotes :
2020-07-22 15:18:05
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15 min delayed data
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NYSE Stocks
News
The last news published on ABBOTT LABORATORIES at the time of the generation of this analysis was as follows:
- Abbott Reports Second-Quarter 2020 Results, Exceeds Analysts' Expectations
- Abbott Receives FDA Approval for New Heart Rhythm Devices Featuring Bluetooth Connectivity and Continuous Remote Monitoring
-
Texas Gov. Abbott orders bars to close at noon, reduces capacity at restaurants
- New Research Finds Abbott's Optical Coherence Tomography Imaging Changed Treatment Decisions in 88% of Artery Blockages
-
Texas Gov. Abbott pauses state's reopening plan due to rise in coronavirus cases
This member declared not having a position on this financial instrument or a related financial instrument.
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