ABBOTT LABORATORIES - 1H - Technical analysis published on 11/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 111.29 USD
My targets
112.94 USD (+0.70%)
115.14 USD (+2.67%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ABBOTT LABORATORIES. As long as you are above the support located at 111.29 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 112.94 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 115.14 USD as an objective. If the support 111.29 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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Additional analysis
Quotes
ABBOTT LABORATORIES rating 112.15 USD. The price is lower by -0.81% since the last closing and was between 111.77 USD and 113.71 USD. This implies that the price is at +0.34% from its lowest and at -1.37% from its highest.111.77
113.71
112.15
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
A study of price movements over other periods shows the following variations:
Near a 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
A technical analysis in 1H of this ABBOTT LABORATORIES chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 103.13 | 106.25 | 111.29 | 112.15 | 112.94 | 115.14 |
| Change (%) | -8.04% | -5.26% | -0.77% | - | +0.70% | +2.67% |
| Change | -9.02 | -5.90 | -0.86 | - | +0.79 | +2.99 |
| Level | Minor | Major | Major | - | Minor | 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 | 109.78 | 111.06 | 112.06 | 113.34 | 114.34 | 115.62 | 116.62 |
| Camarilla | 112.43 | 112.64 | 112.85 | 113.06 | 113.27 | 113.48 | 113.69 |
| Woodie | 109.64 | 110.99 | 111.92 | 113.27 | 114.20 | 115.55 | 116.48 |
| Fibonacci | 111.06 | 111.93 | 112.47 | 113.34 | 114.21 | 114.75 | 115.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.10 | 103.65 | 108.12 | 110.67 | 115.14 | 117.69 | 122.16 |
| Camarilla | 110.67 | 111.31 | 111.96 | 112.60 | 113.24 | 113.89 | 114.53 |
| Woodie | 102.07 | 104.13 | 109.09 | 111.15 | 116.11 | 118.17 | 123.13 |
| Fibonacci | 103.65 | 106.33 | 107.99 | 110.67 | 113.35 | 115.01 | 117.69 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.69 | 98.41 | 101.76 | 106.48 | 109.83 | 114.55 | 117.90 |
| Camarilla | 102.89 | 103.63 | 104.37 | 105.11 | 105.85 | 106.59 | 107.33 |
| Woodie | 93.01 | 98.07 | 101.08 | 106.14 | 109.15 | 114.21 | 117.21 |
| Fibonacci | 98.41 | 101.49 | 103.40 | 106.48 | 109.56 | 111.47 | 114.55 |
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): | 43.41 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | -8.60 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 113.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.36 | |
| Elder Ray (13): | -0.76 | |
| Super Trend (3,10): | 111.65 | |
| Zig ZAG (10): | 112.21 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 28.92 | |
| TEMA (21): | 113.21 | |
| Williams %R (14): | -86.67 | |
| Chande Momentum Oscillator (20): | -0.56 | |
| Repulse (5,40,3): | -1.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.99 |
| MA7: | 112.41 | |
| MA20: | 110.21 | |
| MA50: | 107.89 | |
| MA100: | 103.83 | |
| MAexp7: | 112.95 | |
| MAexp20: | 112.88 | |
| MAexp50: | 112.33 | |
| MAexp100: | 111.35 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | +1.76% | |
| Price / MA50: | +3.95% | |
| Price / MA100: | +8.01% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | +0.72% |
Quotes :
2020-11-18 16:17:02
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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 Becomes First Anchor Sponsor of American Diabetes Association's Health Equity Now Initiative to Advance Access to Care and Technology for People with Diabetes
- Abbott Named Industry Sustainability Leader for the Eighth Year in a Row on the Dow Jones Sustainability Index (DJSI)
- Abbott Announces the U.S. Launch of the IonicRF™ Generator for Use in Patients Living With Chronic Pain
- Abbott Wins Prestigious Prix Galien USA Award for First-of-its-Kind MitraClip™ Device
- Abbott Reports Third-Quarter 2020 Results; Achieves Strong Double-Digit Earnings Growth and Raises Guidance
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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