ABBOTT LABORATORIES - 1H - Technical analysis published on 11/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 94.49 USD
My targets
97.51 USD (+1.74%)
98.50 USD (+2.78%)
My analysis
The bullish trend is currently very strong on ABBOTT LABORATORIES. As long as the price remains above the support at 94.49 USD, you could try to benefit from the boom. The first bullish objective is located at 97.51 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 98.50 USD as an objective. Crossing it would then enable buyers to target 100.26 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ABBOTT LABORATORIES rating 95.84 USD. On the day, this instrument lost -0.13% with the lowest point at 95.74 USD and the highest point at 97.17 USD. The deviation from the price is +0.10% for the low point and -1.37% for the high point.95.74
97.17
95.84
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 90.19 | 92.30 | 94.49 | 95.84 | 95.99 | 97.51 | 98.50 |
| Change (%) | -5.90% | -3.69% | -1.41% | - | +0.16% | +1.74% | +2.78% |
| Change | -5.65 | -3.54 | -1.35 | - | +0.15 | +1.67 | +2.66 |
| Level | Intermediate | Major | Major | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.15 | 93.79 | 94.88 | 95.52 | 96.61 | 97.25 | 98.34 |
| Camarilla | 95.48 | 95.64 | 95.80 | 95.96 | 96.12 | 96.28 | 96.44 |
| Woodie | 93.37 | 93.90 | 95.10 | 95.63 | 96.83 | 97.36 | 98.56 |
| Fibonacci | 93.79 | 94.45 | 94.86 | 95.52 | 96.18 | 96.59 | 97.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.00 | 88.69 | 90.77 | 94.46 | 96.54 | 100.23 | 102.31 |
| Camarilla | 91.26 | 91.79 | 92.32 | 92.85 | 93.38 | 93.91 | 94.44 |
| Woodie | 84.20 | 88.29 | 89.97 | 94.06 | 95.74 | 99.83 | 101.51 |
| Fibonacci | 88.69 | 90.89 | 92.26 | 94.46 | 96.66 | 98.03 | 100.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.16 | 85.42 | 89.98 | 94.24 | 98.80 | 103.06 | 107.62 |
| Camarilla | 92.13 | 92.93 | 93.74 | 94.55 | 95.36 | 96.17 | 96.98 |
| Woodie | 81.32 | 85.50 | 90.14 | 94.32 | 98.96 | 103.14 | 107.78 |
| Fibonacci | 85.42 | 88.79 | 90.87 | 94.24 | 97.61 | 99.69 | 103.06 |
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): | 57.47 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 11.65 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 96.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 95.35 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 94.59 | |
| Zig ZAG (10): | 95.85 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 53.85 | |
| TEMA (21): | 96.42 | |
| Williams %R (14): | -50.55 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 1.81 |
| MA7: | 94.45 | |
| MA20: | 94.27 | |
| MA50: | 97.72 | |
| MA100: | 102.57 | |
| MAexp7: | 95.99 | |
| MAexp20: | 95.58 | |
| MAexp50: | 94.94 | |
| MAexp100: | 94.82 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +1.67% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | -6.56% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +1.08% |
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 Receives FDA Approval for HPV Test to Run on Alinity m, Offering Primary HPV Screening and Assessment of High-Risk Cancer-Causing Types of HPV
- Abbott and Sherri Shepherd: Millions Not Using Affordable Diabetes Technology
- Abbott and Damar Hamlin Team Up To Build Heart Health Community With New Heartmates Program
- Abbott and Sherri Shepherd: Millions Not Using Affordable Diabetes Technology
- Abbott and Damar Hamlin Team Up to Build Heart Health Community with New HeartMates Program
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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