ABBOTT LABORATORIES - 1H - Technical analysis published on 09/20/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 101.90 USD
My targets
97.31 USD (-3.24%)
94.49 USD (-6.05%)
My analysis
The bearish trend is currently very strong for ABBOTT LABORATORIES. As long as the price remains below the resistance at 101.90 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 97.31 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 94.49 USD as an objective. Crossing it would then enable sellers to target 92.30 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 rating is 100.57 USD. On the day, this instrument lost -0.10% with the lowest point at 100.51 USD and the highest point at 101.35 USD. The deviation from the price is +0.06% for the low point and -0.77% for the high point.100.51
101.35
100.57
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABBOTT LABORATORIES:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ABBOTT LABORATORIES chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
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 doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94.49 | 97.31 | 100.26 | 100.57 | 101.90 | 103.28 | 105.21 |
| Change (%) | -6.05% | -3.24% | -0.31% | - | +1.32% | +2.69% | +4.61% |
| Change | -6.08 | -3.26 | -0.31 | - | +1.33 | +2.71 | +4.64 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 98.07 | 99.10 | 99.89 | 100.92 | 101.71 | 102.74 | 103.53 |
| Camarilla | 100.17 | 100.34 | 100.50 | 100.67 | 100.84 | 101.00 | 101.17 |
| Woodie | 97.94 | 99.04 | 99.76 | 100.86 | 101.58 | 102.68 | 103.40 |
| Fibonacci | 99.10 | 99.80 | 100.23 | 100.92 | 101.62 | 102.05 | 102.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 97.25 | 98.90 | 100.32 | 101.97 | 103.39 | 105.04 | 106.46 |
| Camarilla | 100.90 | 101.18 | 101.46 | 101.74 | 102.02 | 102.30 | 102.58 |
| Woodie | 97.14 | 98.84 | 100.21 | 101.91 | 103.28 | 104.98 | 106.35 |
| Fibonacci | 98.90 | 100.07 | 100.80 | 101.97 | 103.14 | 103.87 | 105.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.08 | 95.99 | 99.44 | 105.35 | 108.80 | 114.71 | 118.16 |
| Camarilla | 100.33 | 101.18 | 102.04 | 102.90 | 103.76 | 104.62 | 105.47 |
| Woodie | 88.86 | 95.38 | 98.22 | 104.74 | 107.58 | 114.10 | 116.94 |
| Fibonacci | 95.99 | 99.56 | 101.77 | 105.35 | 108.92 | 111.13 | 114.71 |
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): | 41.23 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -2.56 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 100.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 101.30 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 101.89 | |
| Zig ZAG (10): | 100.61 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 33.88 | |
| TEMA (21): | 100.50 | |
| Williams %R (14): | -76.92 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.74 |
| MA7: | 101.67 | |
| MA20: | 102.40 | |
| MA50: | 105.85 | |
| MA100: | 106.06 | |
| MAexp7: | 100.76 | |
| MAexp20: | 101.02 | |
| MAexp50: | 101.52 | |
| MAexp100: | 102.13 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | -4.99% | |
| Price / MA100: | -5.18% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.94% | |
| Price / MAexp100: | -1.53% |
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:
- Abbott Broadens Access to Cutting-Edge Biosimilars in Key Emerging Markets
- Investor Alert: Abbott Cooper PLLC Announces Investigation into Atea Pharmaceuticals, Inc.; Urges Atea Stockholders to Contact Abbott Cooper Regarding Their Legal Rights
- Abbott and WeightWatchers Connected App Experience is Now Available for People Living with Diabetes
- Virus Hunt Zooms In To Focus on New Potential Pandemics
- One Size Does Not Fit All: The Future of Clinical Trials
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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