ABBOTT LABORATORIES - 1H - Technical analysis published on 12/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 113.85 USD
My targets
111.28 USD (-1.23%)
106.51 USD (-5.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ABBOTT LABORATORIES as long as the price remains well below 113.85 USD. The sellers' bearish objective is set at 111.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 106.51 USD. In case of crossing, the next objective would be the support located at 104.23 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.1
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This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABBOTT LABORATORIES price is 112.67 USD. The price is lower by -0.12% since the last closing and was traded between 112.64 USD and 113.78 USD over the period. The price is currently at +0.03% from its lowest and -0.98% from its highest.112.64
113.78
112.67
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABBOTT LABORATORIES:
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 bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 106.51 | 111.28 | 112.45 | 112.67 | 113.85 | 115.03 | 117.50 |
| Change (%) | -5.47% | -1.23% | -0.20% | - | +1.05% | +2.09% | +4.29% |
| Change | -6.16 | -1.39 | -0.22 | - | +1.18 | +2.36 | +4.83 |
| Level | Minor | Minor | Major | - | Minor | Major | 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 | 109.88 | 111.20 | 112.00 | 113.32 | 114.12 | 115.44 | 116.24 |
| Camarilla | 112.22 | 112.41 | 112.61 | 112.80 | 112.99 | 113.19 | 113.38 |
| Woodie | 109.62 | 111.07 | 111.74 | 113.19 | 113.86 | 115.31 | 115.98 |
| Fibonacci | 111.20 | 112.01 | 112.51 | 113.32 | 114.13 | 114.63 | 115.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.33 | 111.64 | 113.32 | 114.63 | 116.31 | 117.62 | 119.30 |
| Camarilla | 114.17 | 114.44 | 114.72 | 114.99 | 115.26 | 115.54 | 115.81 |
| Woodie | 110.51 | 111.73 | 113.50 | 114.72 | 116.49 | 117.71 | 119.48 |
| Fibonacci | 111.64 | 112.79 | 113.49 | 114.63 | 115.78 | 116.48 | 117.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.59 | 111.51 | 115.16 | 118.08 | 121.73 | 124.65 | 128.30 |
| Camarilla | 117.00 | 117.61 | 118.21 | 118.81 | 119.41 | 120.02 | 120.62 |
| Woodie | 108.96 | 111.69 | 115.53 | 118.26 | 122.10 | 124.83 | 128.67 |
| Fibonacci | 111.51 | 114.02 | 115.57 | 118.08 | 120.59 | 122.14 | 124.65 |
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): | 37.44 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -6.24 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 113.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.16 | |
| Elder Ray (13): | -0.39 | |
| Super Trend (3,10): | 114.47 | |
| Zig ZAG (10): | 112.91 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 20.40 | |
| TEMA (21): | 112.78 | |
| Williams %R (14): | -85.96 | |
| Chande Momentum Oscillator (20): | -1.83 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.75 |
| MA7: | 114.16 | |
| MA20: | 114.23 | |
| MA50: | 115.59 | |
| MA100: | 114.49 | |
| MAexp7: | 113.10 | |
| MAexp20: | 113.69 | |
| MAexp50: | 113.94 | |
| MAexp100: | 114.22 | |
| Price / MA7: | -1.31% | |
| Price / MA20: | -1.37% | |
| Price / MA50: | -2.53% | |
| Price / MA100: | -1.59% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.90% | |
| Price / MAexp50: | -1.11% | |
| Price / MAexp100: | -1.36% |
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:
-
WATCH LIVE: Gov. Greg Abbott unveils new border security strategy to deter migrants
-
WATCH LIVE: Gov. Greg Abbott unveils new border security strategy to deter migrants
- Abbott Announces First-in-World Leadless Pacing Procedures in the Left Bundle Branch Area of the Heart
- Abbott Increases Quarterly Dividend for 53rd Consecutive Year
- University of Nebraska Wins the Abbott and Big Ten Conference's Nationwide 'We Give Blood Drive' Competition, Receives $1 Million Grant from Abbott
This member declared not having a position on this financial instrument or a related financial instrument.
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