ABBOTT LABORATORIES - 1H - Technical analysis published on 10/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 107.96 USD
My targets
106.07 USD (-0.98%)
104.38 USD (-2.56%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on ABBOTT LABORATORIES as long as the price remains well below 107.96 USD. The next bearish objective for sellers is set at 106.07 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 104.38 USD. In case of crossing, the next objective would be the support located at 102.42 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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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 107.12 USD. The price is lower by -0.59% since the last closing and was traded between 106.31 USD and 107.74 USD over the period. The price is currently at +0.76% from its lowest and -0.58% from its highest.106.31
107.74
107.12
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABBOTT LABORATORIES:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ABBOTT LABORATORIES chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 102.42 | 104.38 | 106.07 | 107.12 | 107.96 | 110.33 | 111.29 |
| Change (%) | -4.39% | -2.56% | -0.98% | - | +0.78% | +3.00% | +3.89% |
| Change | -4.70 | -2.74 | -1.05 | - | +0.84 | +3.21 | +4.17 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.29 | 105.82 | 106.78 | 108.31 | 109.27 | 110.80 | 111.76 |
| Camarilla | 107.07 | 107.29 | 107.52 | 107.75 | 107.98 | 108.21 | 108.44 |
| Woodie | 104.02 | 105.68 | 106.51 | 108.17 | 109.00 | 110.66 | 111.49 |
| Fibonacci | 105.82 | 106.77 | 107.36 | 108.31 | 109.26 | 109.85 | 110.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.88 | 104.29 | 106.79 | 108.20 | 110.69 | 112.10 | 114.60 |
| Camarilla | 108.21 | 108.57 | 108.93 | 109.29 | 109.64 | 110.00 | 110.36 |
| Woodie | 103.43 | 104.56 | 107.33 | 108.47 | 111.24 | 112.38 | 115.15 |
| Fibonacci | 104.29 | 105.78 | 106.70 | 108.20 | 109.69 | 110.61 | 112.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.93 | 96.47 | 102.47 | 106.01 | 112.01 | 115.55 | 121.55 |
| Camarilla | 105.85 | 106.72 | 107.59 | 108.47 | 109.34 | 110.22 | 111.09 |
| Woodie | 94.16 | 97.08 | 103.70 | 106.62 | 113.24 | 116.16 | 122.78 |
| Fibonacci | 96.47 | 100.11 | 102.36 | 106.01 | 109.65 | 111.90 | 115.55 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.69 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -14.93 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 107.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.04 | |
| Elder Ray (13): | -0.60 | |
| Super Trend (3,10): | 109.79 | |
| Zig ZAG (10): | 107.28 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 18.98 | |
| TEMA (21): | 107.07 | |
| Williams %R (14): | -77.27 | |
| Chande Momentum Oscillator (20): | -1.41 | |
| Repulse (5,40,3): | -0.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.62 |
| MA7: | 108.42 | |
| MA20: | 106.38 | |
| MA50: | 104.67 | |
| MA100: | 99.03 | |
| MAexp7: | 107.51 | |
| MAexp20: | 108.23 | |
| MAexp50: | 108.27 | |
| MAexp100: | 107.57 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +2.34% | |
| Price / MA100: | +8.17% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -1.03% | |
| Price / MAexp50: | -1.06% | |
| Price / MAexp100: | -0.42% |
Quotes :
2020-10-15 16:31:33
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15 min delayed data
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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 Receives FDA Emergency Use Authorization for its COVID-19 IgM Antibody Blood Test
- Abbott Releases ID NOW™ COVID-19 Interim Clinical Study Results from 1,003 People to Provide the Facts on Clinical Performance and to Support Public Health
- Quanterix Enters into a License Agreement that Grants Abbott Access to Portfolio of Bead-Based Technology Patents for Use in In Vitro Diagnostics
- Thinking about trading options or stock in AstraZeneca, Assured Guaranty, Apple, Tesla, or Abbott Laboratories?
- Abbott's FreeStyle® Libre 3 System Receives CE Mark - Features World's Smallest, Thinnest Sensor with Best-in-Class Performance at the Same Low Cost for People with Diabetes
This member declared not having a position on this financial instrument or a related financial instrument.
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