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- 12/1/2017
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Abbott Labs
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtOversold sector
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergenceThe period of low volatility of the stock price
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It was the negative week for the Abbott Labs (ABT). During the week, the ABT gave back -0.15 points, or -0.27%, and closed at 55.98 on Friday, December 01, 2017. ABT was trading at average weekly trading volume.

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 56.69 on October 23, 2017. ABT gained -25.05 points, or -79.17%, in 250 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (38.78) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 56.69 on October 23, 2017. ABT gained -20.69 points, or -57.47%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (39.03) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 2, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 17, 2017 at 42.31 and reached 56.69 on October 23, 2017. ABT gained -14.38 points, or -33.99%, in 189 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 55.43 and resistance is at 58.72. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 20, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The distance between the Bollinger Bands is falling, and it was 3.29% on Friday. It is 51.07% lower than one year average. It indicates the period of low volatility of the stock price. 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) 61.30
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 68.70
Bearish
Greed/Fear Indicator (GFI) 71.18
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.10
Williams' Percentage Range (W%R) 4.40
Strong Overbought
Lane's Stochastic (%D-Slow) 76.22
Greed/Fear Indicator (GFI) 77.04
Moving Average Converg./Diverg. (MACD) 2.42
Trading Signals
Description Value Chart
Weekly Trendline Resistance 58.72
Monthly Trendline Resistance 57.94
Upper Bollinger Band 56.48
Daily Stochastic Crossing 56.19
Weekly Stochastic Crossing 56.02
Price 55.98
20 Day Moving Average 55.54
Weekly Trendline Support 55.43
Parabolic System 55.35
50 Day Moving Average 54.92
Monthly Trendline Support 54.89
Lower Bollinger Band 54.65
Quarterly Trendline Resistance 51.45
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Major 63
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 53.61
Low Date 11/01/2017
High 56.68
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 58.72
Support 55.43
Low 42.31
Low Date 04/17/2017
High 56.69
High Date 10/23/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 57.94
Support 54.89
Low 37.38
Low Date 12/01/2016
High 56.69
High Date 10/23/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 51.45
Support 39.03
Low 36.00
Low Date 01/28/2016
High 56.69
High Date 10/23/2017
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 37.93
Support 38.78
Low 31.64
Low Date 01/02/2013
High 56.69
High Date 10/23/2017
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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