ABBOTT LABORATORIES - 1H - Technical analysis published on 11/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
22%
17%
61%
My opinion
Bullish above 115.83 USD
My targets
119.01 USD (+1.16%)
119.86 USD (+1.89%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ABBOTT LABORATORIES as long as the price remains well above 115.83 USD. The buyers' bullish objective is set at 119.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 119.86 USD. If there is any crossing, the next objective would be the resistance located at 120.57 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABBOTT LABORATORIES rating is 117.64 USD. On the day, this instrument lost -0.01% and was between 116.33 USD and 118.25 USD. This implies that the price is at +1.13% from its lowest and at -0.52% from its highest.116.33
118.25
117.64
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ABBOTT LABORATORIES indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.
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 support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 113.68 | 115.83 | 117.42 | 117.64 | 119.01 | 119.86 | 120.57 |
| Change (%) | -3.37% | -1.54% | -0.19% | - | +1.16% | +1.89% | +2.49% |
| Change | -3.96 | -1.81 | -0.22 | - | +1.37 | +2.22 | +2.93 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Intermediate |
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 | 113.47 | 115.48 | 116.56 | 118.57 | 119.65 | 121.66 | 122.74 |
| Camarilla | 116.80 | 117.08 | 117.37 | 117.65 | 117.93 | 118.22 | 118.50 |
| Woodie | 113.02 | 115.25 | 116.11 | 118.34 | 119.20 | 121.43 | 122.29 |
| Fibonacci | 115.48 | 116.66 | 117.39 | 118.57 | 119.75 | 120.48 | 121.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.67 | 109.59 | 114.09 | 117.01 | 121.51 | 124.43 | 128.93 |
| Camarilla | 116.56 | 117.24 | 117.92 | 118.60 | 119.28 | 119.96 | 120.64 |
| Woodie | 107.47 | 109.99 | 114.89 | 117.41 | 122.31 | 124.83 | 129.73 |
| Fibonacci | 109.59 | 112.42 | 114.17 | 117.01 | 119.84 | 121.59 | 124.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.05 | 106.10 | 109.74 | 114.79 | 118.43 | 123.48 | 127.12 |
| Camarilla | 110.98 | 111.78 | 112.57 | 113.37 | 114.17 | 114.96 | 115.76 |
| Woodie | 100.34 | 105.75 | 109.03 | 114.44 | 117.72 | 123.13 | 126.41 |
| Fibonacci | 106.10 | 109.42 | 111.47 | 114.79 | 118.11 | 120.16 | 123.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.25 | |
| MACD (12,26,9): | 0.5100 | |
| Directional Movement: | 0.23 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 118.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.60 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 116.54 | |
| Zig ZAG (10): | 117.75 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 36.08 | |
| TEMA (21): | 118.28 | |
| Williams %R (14): | -67.69 | |
| Chande Momentum Oscillator (20): | -1.81 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 1.14 |
| MA7: | 115.60 | |
| MA20: | 116.21 | |
| MA50: | 114.76 | |
| MA100: | 110.20 | |
| MAexp7: | 117.78 | |
| MAexp20: | 117.51 | |
| MAexp50: | 116.65 | |
| MAexp100: | 116.18 | |
| Price / MA7: | +1.76% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +2.51% | |
| Price / MA100: | +6.75% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +1.26% |
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 Initiates New Clinical Trial to Improve Outcomes in Patients with Advanced Heart Failure
- Abbott and the Big Ten Conference Tackle U.S. Blood Shortages With First-of-Its-Kind, Nationwide Blood Donation Competition, 'The We Give Blood Drive'
- Helping People Recover From Devastating Hurricanes
- Abbott Reports Third-Quarter 2024 Results and Raises Midpoint of Full-Year EPS Guidance Range
- Abbott Advances Pulsed Field Ablation Clinical Studies and Launches New Technology to Support Advanced Cardiac Mapping
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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