The Greedy Trader Weekly Analysis
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Number of records: 11
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Abbott Labs
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a second positive week after 4 consecutive negative weeks for the Abbott Labs (ABT). During the week, the ABT gained 2.60 points, or 3.70%, and closed at 72.79 on Friday, November 09, 2018. Weekly volume was -9% below average.

ABT is a member of Healthcare Sector. Healthcare is the most overbought 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 74.15 on October 1, 2018. ABT gained -42.51 points, or -134.36%, in 299 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (40.15) 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 downtrend had started on October 1, 2018 at 74.15 and reached 66.02 on October 26, 2018. ABT lost 8.13 points, or 10.96%, in 3 weeks. The price is now at the 83.27% retracement level.

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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 26, 2018 at 66.02 and reached 73.08 on November 8, 2018. ABT gained -7.06 points, or -10.69%, in 13 days. Price is near the trend high.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.13
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 93.06
Strong Overbought
Greed/Fear Indicator (GFI) 87.78
Overbought
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.78
Williams' Percentage Range (W%R) 9.20
Strong Overbought
Lane's Stochastic (%D-Slow) 52.36
Greed/Fear Indicator (GFI) 68.17
Moving Average Converg./Diverg. (MACD) 2.47
Trading Signals
Description Value Chart
Upper Bollinger Band 73.89
Daily Stochastic Crossing 72.89
Price 72.79
Weekly Stochastic Crossing 70.09
50 Day Moving Average 69.51
20 Day Moving Average 69.42
Parabolic System 68.95
Lower Bollinger Band 66.43
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.02
Low Date 10/26/2018
High 73.08
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.15
High Date 10/01/2018
Low 66.02
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.38
Low Date 12/01/2016
High 74.15
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.00
Low Date 01/28/2016
High 74.15
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 32.40
Support 40.15
Low 31.64
Low Date 01/02/2013
High 74.15
High Date 10/01/2018
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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