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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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Archive
- 4/12/2019
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Abbott Labs
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtOversold sectorBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARTrend support at 78.41The price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -0.99 points, or -1.25%, and closed at 78.01 on Friday, April 12, 2019. Weekly volume was -16% below average.

ABT is a member of Healthcare Sector. Healthcare is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on January 2, 2013 at 31.64 and reached 80.74 on April 1, 2019. ABT gained -49.10 points, or -155.18%, in 325 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (40.75) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ABT medium-term trend chart]
A medium-term uptrend had started on January 28, 2016 at 36.00 and reached 80.74 on April 1, 2019. ABT gained -44.74 points, or -124.28%, in 165 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (41.23) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ABT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 8, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ABT short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 65.44 and reached 80.74 on April 1, 2019. ABT gained -15.30 points, or -23.38%, in 98 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (78.41) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 21, 2019.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.33%) is close to one year low (3.49%). It is 58.37% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.12
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 22.65
Greed/Fear Indicator (GFI) 31.60
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.50
Williams' Percentage Range (W%R) 15.50
Overbought
Lane's Stochastic (%D-Slow) 87.22
Overbought
Greed/Fear Indicator (GFI) 77.47
Moving Average Converg./Diverg. (MACD) 2.73
Trading Signals
Description Value Chart
Weekly Trendline Resistance 85.16
Monthly Trendline Resistance 83.12
Parabolic System 80.82
Upper Bollinger Band 79.93
Weekly Stochastic Crossing 79.79
20 Day Moving Average 79.06
Weekly Trendline Support 78.41
Daily Stochastic Crossing 78.32
Price 78.01
Lower Bollinger Band 77.33
50 Day Moving Average 77.22
Monthly Trendline Support 69.91
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Major 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 80.74
High Date 04/01/2019
Low 77.82
Low Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 85.16
Support 78.41
Low 65.44
Low Date 12/24/2018
High 80.74
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 83.12
Support 69.91
Low 37.38
Low Date 12/01/2016
High 80.74
High Date 04/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 57.18
Support 41.23
Low 36.00
Low Date 01/28/2016
High 80.74
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 29.97
Support 40.75
Low 31.64
Low Date 01/02/2013
High 80.74
High Date 04/01/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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