ABBOTT LABORATORIES

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ABT
ISIN:

ABBOTT LABORATORIES - 1H - Technical analysis published on 09/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 114.89 USD

My targets

111.31 USD (-1.09%)

110.33 USD (-1.96%)

My analysis

The bearish trend is currently very strong for ABBOTT LABORATORIES. As long as the price remains below the resistance at 114.89 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 111.31 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 110.33 USD as an objective. Crossing it would then enable sellers to target 107.03 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

5.7

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 112.54 USD. The price is lower by -0.06% since the last closing and was traded between 112.10 USD and 112.93 USD over the period. The price is currently at +0.39% from its lowest and -0.35% from its highest.

112.10

112.93

112.54

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

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:

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 bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Horizontal support is broken

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	107.03	110.33	111.31	112.54	112.98	114.89	117.22
Change (%)	-4.90%	-1.96%	-1.09%	-	+0.39%	+2.09%	+4.16%
Change	-5.51	-2.21	-1.23	-	+0.44	+2.35	+4.68
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate	Intermediate

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	109.24	110.54	111.58	112.88	113.92	115.22	116.26
Camarilla	111.97	112.18	112.40	112.61	112.83	113.04	113.25
Woodie	109.10	110.48	111.44	112.82	113.78	115.16	116.12
Fibonacci	110.54	111.44	111.99	112.88	113.78	114.33	115.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.41	109.81	111.75	115.15	117.09	120.49	122.43
Camarilla	112.23	112.72	113.21	113.70	114.19	114.68	115.17
Woodie	105.69	109.45	111.03	114.79	116.37	120.13	121.71
Fibonacci	109.81	111.85	113.11	115.15	117.19	118.45	120.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.40	103.86	108.57	111.03	115.74	118.20	122.91
Camarilla	111.30	111.96	112.61	113.27	113.93	114.59	115.24
Woodie	102.52	104.42	109.69	111.59	116.86	118.76	124.03
Fibonacci	103.86	106.60	108.29	111.03	113.77	115.46	118.20

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):	38.47
MACD (12,26,9):	-0.4600
Directional Movement:	-10.98
AROON (14):	-7.15
DEMA (21):	112.23
Parabolic SAR (0,02-0,02-0,2):	112.68
Elder Ray (13):	-0.19
Super Trend (3,10):	113.91
Zig ZAG (10):	112.48
VORTEX (21):	0.8100
Stochastique (14,3,5):	24.64
TEMA (21):	112.26
Williams %R (14):	-73.50
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	0.0500
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	1.61

MA7:	113.71
MA20:	114.85
MA50:	111.09
MA100:	107.32
MAexp7:	112.49
MAexp20:	112.86
MAexp50:	113.73
MAexp100:	114.13
Price / MA7:	-1.03%
Price / MA20:	-2.01%
Price / MA50:	+1.31%
Price / MA100:	+4.86%
Price / MAexp7:	+0.04%
Price / MAexp20:	-0.28%
Price / MAexp50:	-1.05%
Price / MAexp100:	-1.39%

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.

About author

Londinia AI

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