The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 13
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Abbott Labs
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was a second consecutive positive week for the Abbott Labs (ABT). During the week, the ABT climbed 0.45 points, or 0.73%, and closed at 61.71 on Friday, May 18, 2018. Weekly volume was -11% below average.

Long-term trend: [See ABT long-term trend chart]
A long-term uptrend had started on January 2, 2013 at 31.64 and reached 64.60 on January 25, 2018. ABT gained -32.96 points, or -104.17%, in 264 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (39.44) 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 64.60 on January 25, 2018. ABT gained -28.60 points, or -79.44%, in 104 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (39.77) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 23, 2018. Use the following link to access a MACD help.

Short-term trend: [See ABT short-term trend chart]
A short-term downtrend had started on January 25, 2018 at 64.60 and reached 55.58 on February 9, 2018. ABT lost 9.02 points, or 13.96%, in 15 days. The chart has formed a Rectangle chart pattern. The trend support level is at 55.37 and resistance is at 64.62. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a short-term trend.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since May 4, 2018.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.45
Williams' Percentage Range (W%R) 21.50
Lane's Stochastic (%D-Slow) 79.40
Greed/Fear Indicator (GFI) 75.47
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.07
Williams' Percentage Range (W%R) 39.70
Lane's Stochastic (%D-Slow) 38.97
Greed/Fear Indicator (GFI) 50.82
Moving Average Converg./Diverg. (MACD) 1.80
Trading Signals
Description Value Chart
Monthly Trendline Resistance 71.13
Weekly Trendline Resistance 64.62
Upper Bollinger Band 62.57
Price 61.71
Daily Stochastic Crossing 61.23
50 Day Moving Average 60.08
20 Day Moving Average 59.58
Parabolic System 59.28
Weekly Stochastic Crossing 58.89
Lower Bollinger Band 57.53
Monthly Trendline Support 57.05
Weekly Trendline Support 55.37
Quarterly Trendline Resistance 53.39
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Manufacturers/Major 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 56.81
Low Date 05/03/2018
High 62.17
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 64.62
Support 55.37
High 64.60
High Date 01/25/2018
Low 55.58
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 71.13
Support 57.05
Low 37.38
Low Date 12/01/2016
High 64.60
High Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 53.39
Support 39.77
Low 36.00
Low Date 01/28/2016
High 64.60
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 35.24
Support 39.44
Low 31.64
Low Date 01/02/2013
High 64.60
High Date 01/25/2018
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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