ABBOTT LABORATORIES

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	ABT
ISIN:

ABBOTT LABORATORIES - 1H - Technical analysis published on 08/23/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 108.73 USD

My targets

112.98 USD (+0.81%)

117.27 USD (+4.64%)

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 108.73 USD. The next resistance located at 112.98 USD is the next bullish objective 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 117.27 USD. After this resistance, buyers could then target 119.57 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.6

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

ABBOTT LABORATORIES rating 112.07 USD. The price registered a decrease of -0.03% on the session with the lowest point at 111.93 USD and the highest point at 112.60 USD. The deviation from the price is +0.13% for the low point and -0.47% for the high point.

111.93

112.60

112.07

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

Here is a more detailed summary of the historical variations registered by ABBOTT LABORATORIES:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ABBOTT LABORATORIES in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	104.72	107.05	108.73	112.07	112.98	117.27	119.57
Change (%)	-6.56%	-4.48%	-2.98%	-	+0.81%	+4.64%	+6.69%
Change	-7.35	-5.02	-3.34	-	+0.91	+5.20	+7.50
Level	Minor	Intermediate	Intermediate	-	Major	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
Standard	110.28	110.67	111.38	111.77	112.48	112.87	113.58
Camarilla	111.80	111.90	112.00	112.10	112.20	112.30	112.40
Woodie	110.45	110.75	111.55	111.85	112.65	112.95	113.75
Fibonacci	110.67	111.09	111.35	111.77	112.19	112.45	112.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.72	105.41	108.21	109.90	112.70	114.39	117.19
Camarilla	109.77	110.18	110.59	111.00	111.41	111.82	112.24
Woodie	104.27	105.69	108.76	110.18	113.25	114.67	117.74
Fibonacci	105.41	107.13	108.19	109.90	111.62	112.68	114.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.86	95.79	100.86	104.79	109.86	113.79	118.86
Camarilla	103.47	104.29	105.12	105.94	106.77	107.59	108.42
Woodie	92.44	96.08	101.44	105.08	110.44	114.08	119.44
Fibonacci	95.79	99.23	101.35	104.79	108.23	110.35	113.79

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):	63.58
MACD (12,26,9):	0.3200
Directional Movement:	21.32
AROON (14):	85.71
DEMA (21):	111.94
Parabolic SAR (0,02-0,02-0,2):	111.09
Elder Ray (13):	0.51
Super Trend (3,10):	110.77
Zig ZAG (10):	112.05
VORTEX (21):	1.0800
Stochastique (14,3,5):	77.15
TEMA (21):	111.97
Williams %R (14):	-32.50
Chande Momentum Oscillator (20):	1.12
Repulse (5,40,3):	-0.1200
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.70

MA7:	111.45
MA20:	109.51
MA50:	105.94
MA100:	105.69
MAexp7:	111.94
MAexp20:	111.54
MAexp50:	110.93
MAexp100:	109.92
Price / MA7:	+0.56%
Price / MA20:	+2.34%
Price / MA50:	+5.79%
Price / MA100:	+6.04%
Price / MAexp7:	+0.12%
Price / MAexp20:	+0.48%
Price / MAexp50:	+1.03%
Price / MAexp100:	+1.96%

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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