ABBOTT LABORATORIES - 1H - Technical analysis published on 07/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 107.23 USD
My targets
114.23 USD (+4.60%)
117.57 USD (+7.65%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ABBOTT LABORATORIES as long as the price remains well above 107.23 USD. The buyers' bullish objective is set at 114.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 117.57 USD. If there is any crossing, the next objective would be the resistance located at 125.84 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABBOTT LABORATORIES price is 109.21 USD. The price is lower by -0.05% since the last closing and was traded between 108.08 USD and 109.26 USD over the period. The price is currently at +1.05% from its lowest and -0.05% from its highest.108.08
109.26
109.21
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
Here is a more detailed summary of the historical variations registered by ABBOTT LABORATORIES:
Technical
A technical analysis in 1H of this ABBOTT LABORATORIES chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 101.24 | 104.20 | 107.23 | 109.21 | 109.45 | 114.23 | 117.57 |
| Change (%) | -7.30% | -4.59% | -1.81% | - | +0.22% | +4.60% | +7.65% |
| Change | -7.97 | -5.01 | -1.98 | - | +0.24 | +5.02 | +8.36 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.20 | 107.87 | 108.57 | 109.24 | 109.94 | 110.61 | 111.31 |
| Camarilla | 108.88 | 109.01 | 109.13 | 109.26 | 109.39 | 109.51 | 109.64 |
| Woodie | 107.21 | 107.88 | 108.58 | 109.25 | 109.95 | 110.62 | 111.32 |
| Fibonacci | 107.87 | 108.40 | 108.72 | 109.24 | 109.77 | 110.09 | 110.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.95 | 106.07 | 107.67 | 108.79 | 110.39 | 111.51 | 113.11 |
| Camarilla | 108.51 | 108.76 | 109.01 | 109.26 | 109.51 | 109.76 | 110.01 |
| Woodie | 105.18 | 106.19 | 107.90 | 108.91 | 110.62 | 111.63 | 113.34 |
| Fibonacci | 106.07 | 107.11 | 107.75 | 108.79 | 109.83 | 110.47 | 111.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.53 | 92.38 | 100.52 | 109.37 | 117.51 | 126.36 | 134.50 |
| Camarilla | 103.98 | 105.54 | 107.09 | 108.65 | 110.21 | 111.77 | 113.32 |
| Woodie | 83.17 | 92.20 | 100.16 | 109.19 | 117.15 | 126.18 | 134.14 |
| Fibonacci | 92.38 | 98.87 | 102.88 | 109.37 | 115.86 | 119.87 | 126.36 |
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): | 51.94 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 1.79 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 109.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.81 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 107.49 | |
| Zig ZAG (10): | 109.19 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 51.63 | |
| TEMA (21): | 109.05 | |
| Williams %R (14): | -43.48 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.31 |
| MA7: | 109.24 | |
| MA20: | 107.17 | |
| MA50: | 110.85 | |
| MA100: | 114.97 | |
| MAexp7: | 109.02 | |
| MAexp20: | 109.02 | |
| MAexp50: | 108.72 | |
| MAexp100: | 108.54 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +1.90% | |
| Price / MA50: | -1.48% | |
| Price / MA100: | -5.01% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.62% |
Quotes :
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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:
-
Kamala Harris ripped for clash with Gov. Abbott
-
Invasion driven by cartels at southern border: Texas Gov. Abbott
-
Gov. Greg Abbott: This is unacceptable
-
Gov. Abbott: This will end with a new president
- INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Abbott Laboratories with Losses of $100,000 to Contact the Firm
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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