ABBOTT LABORATORIES (ABT)
US0028241000 - Common Stock
We assign a technical rating of 5 out of 10 to ABT. In the last year, ABT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ABT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABT is lagging the market slightly.
In the last month ABT has a been trading in the 112.50 - 121.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ABT has an average volume of 5172290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ABT turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
ABT is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry, ABT did better than 64% of them.
Although the technical rating is only medium, ABT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 120.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 115.53, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
99.07
122.17
5 important support areas can be observed.
- A support zone ranging from 114.58 to 115.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.34 to 112.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 106.77 to 107.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @102.03 from a horizontal line in the weekly time frame.
- Support @100.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 120.05 to 120.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.09
Mansfield-0.61
10 Day High121
10 Day Low114.43
20 Day High121
20 Day Low112.5
52 Week High121.64
52 Week Low98.95
Performance
1 Week-0.59%
2 Weeks-2.28%
1 Month-2.92%
3 Month4.41%
6 Month11.35%
12 Month16.42%
2 Year7.73%
3 Year-7.85%
5 Year35.63%
10 Year160.39%
15 Year325.4%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.15
RSI(14)50.4
LBB112.97
UBB119
ABBOTT LABORATORIES
NYSE:ABT (11/15/2024, 8:04:00 PM)
After market: 115.9 0 (0%)115.9
+0.87 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.76%
1 Week-0.59%
2 Weeks-2.28%
1 Month-2.92%
3 Month4.41%
6 Month11.35%
12 Month16.42%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.44
ATR(20)%1.96%
ATR Inc
Range Today1.92
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High121
10 Day Low114.43
20 Day High121
20 Day Low112.5
52 Week High121.64
52 Week Low98.95
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume6.90M
Volume Incr-9.28%
Vol(5)5.07M
Vol(50)5.17M