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ABBOTT LABORATORIES
ABBOTT LABORATORIES
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: ABT
ISIN:

ABBOTT LABORATORIES - 1H - Technical analysis published on 11/13/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 94.49 USD
My targets
97.17 USD (+1.31%)
98.15 USD (+2.34%)
My analysis
ABBOTT LABORATORIES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 94.49 USD. The next resistance located at 97.17 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 98.15 USD. After this resistance, buyers could then target 100.26 USD.

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
6.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ABBOTT LABORATORIES price is 95.91 USD. The price has increased by +2.06% since the last closing with the lowest point at 94.50 USD and the highest point at 96.75 USD. The deviation from the price is +1.49% for the low point and -0.87% for the high point.

94.50
96.75
95.91

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ABBOTT LABORATORIES chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 92.30 94.49 95.76 95.91 97.17 98.15 100.26
Change (%) -3.76% -1.48% -0.16% - +1.31% +2.34% +4.54%
Change -3.61 -1.42 -0.15 - +1.26 +2.24 +4.35
Level Major Major Intermediate - Minor Minor Major



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
Standard91.0791.7592.8693.5494.6595.3396.44
Camarilla93.4893.6493.8193.9794.1394.3094.46
Woodie91.2991.8693.0893.6594.8795.4496.66
Fibonacci91.7592.4392.8693.5494.2294.6595.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard88.9590.6992.3394.0795.7197.4599.09
Camarilla93.0493.3593.6693.9794.2894.5994.90
Woodie88.9090.6792.2894.0595.6697.4399.04
Fibonacci90.6991.9892.7894.0795.3696.1697.45


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard81.1685.4289.9894.2498.80103.06107.62
Camarilla92.1392.9393.7494.5595.3696.1796.98
Woodie81.3285.5090.1494.3298.96103.14107.78
Fibonacci85.4288.7990.8794.2497.6199.69103.06

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): 62.54
MACD (12,26,9): 0.0500
Directional Movement: 12.79
AROON (14): 42.85
DEMA (21): 94.19
Parabolic SAR (0,02-0,02-0,2): 93.02
Elder Ray (13): 1.04
Super Trend (3,10): 93.55
Zig ZAG (10): 95.74
VORTEX (21): 0.9600
Stochastique (14,3,5): 70.31
TEMA (21): 94.47
Williams %R (14): -21.30
Chande Momentum Oscillator (20): 2.03
Repulse (5,40,3): 0.6800
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 0.47
MA7: 94.83
MA20: 94.65
MA50: 96.65
MA100: 101.92
MAexp7: 94.69
MAexp20: 94.27
MAexp50: 94.43
MAexp100: 94.55
Price / MA7: +1.14%
Price / MA20: +1.33%
Price / MA50: -0.77%
Price / MA100: -5.90%
Price / MAexp7: +1.29%
Price / MAexp20: +1.74%
Price / MAexp50: +1.57%
Price / MAexp100: +1.44%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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