ABBOTT LABORATORIES

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ABT
ISIN:

ABBOTT LABORATORIES - 1H - Technical analysis published on 05/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 103.29 USD

My targets

106.61 USD (+1.86%)

108.15 USD (+3.33%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ABBOTT LABORATORIES as long as the price remains well above 103.29 USD. The buyers' bullish objective is set at 106.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 108.15 USD. If there is any crossing, the next objective would be the resistance located at 109.46 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 106.61 USD. On this resistance, against the trend traders who would like to go short on ABBOTT LABORATORIES with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

2.7

Comment on the analysis

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.

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 104.66 USD. The price registered an increase of +1.65% on the session and was traded between 102.94 USD and 104.79 USD over the period. The price is currently at +1.67% from its lowest and -0.12% from its highest.

102.94

104.79

104.66

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ABBOTT LABORATORIES in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	99.27	103.29	104.26	104.66	105.17	106.61	108.15
Change (%)	-5.15%	-1.31%	-0.38%	-	+0.49%	+1.86%	+3.33%
Change	-5.39	-1.37	-0.40	-	+0.51	+1.95	+3.49
Level	Major	Major	Intermediate	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.84	101.63	102.29	103.08	103.74	104.53	105.19
Camarilla	102.56	102.69	102.83	102.96	103.09	103.23	103.36
Woodie	100.79	101.60	102.24	103.05	103.69	104.50	105.14
Fibonacci	101.63	102.18	102.52	103.08	103.63	103.97	104.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.99	102.18	103.13	104.32	105.27	106.46	107.41
Camarilla	103.50	103.70	103.89	104.09	104.29	104.48	104.68
Woodie	100.88	102.12	103.02	104.26	105.16	106.40	107.30
Fibonacci	102.18	102.99	103.50	104.32	105.13	105.64	106.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93.60	98.92	102.45	107.77	111.30	116.62	120.15
Camarilla	103.54	104.35	105.16	105.97	106.78	107.59	108.40
Woodie	92.70	98.47	101.55	107.32	110.40	116.17	119.25
Fibonacci	98.92	102.30	104.39	107.77	111.15	113.24	116.62

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):	63.91
MACD (12,26,9):	0.1000
Directional Movement:	12.37
AROON (14):	50.00
DEMA (21):	103.87
Parabolic SAR (0,02-0,02-0,2):	103.01
Elder Ray (13):	0.68
Super Trend (3,10):	103.35
Zig ZAG (10):	104.62
VORTEX (21):	1.0400
Stochastique (14,3,5):	96.24
TEMA (21):	104.17
Williams %R (14):	-6.71
Chande Momentum Oscillator (20):	1.22
Repulse (5,40,3):	0.4700
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	1.24

MA7:	104.05
MA20:	105.25
MA50:	108.50
MA100:	111.33
MAexp7:	104.23
MAexp20:	103.87
MAexp50:	104.10
MAexp100:	104.74
Price / MA7:	+0.59%
Price / MA20:	-0.56%
Price / MA50:	-3.54%
Price / MA100:	-5.99%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.76%
Price / MAexp50:	+0.54%
Price / MAexp100:	-0.08%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ABBOTT LABORATORIES at the time of the analysis were as follows:

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

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