The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
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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
Archive
- 8/10/2018
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Abbott Labs
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Abbott Labs (ABT). During the week, the ABT dropped -1.20 points, or -1.84%, and closed at 64.03 on Friday, August 10, 2018. It was the worst weekly loss since April 6, 2018. Weekly volume was -41% 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 65.90 on July 26, 2018. ABT gained -34.26 points, or -108.28%, in 290 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (39.78) 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 65.90 on July 26, 2018. ABT gained -29.90 points, or -83.06%, in 130 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (40.15) 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 is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 July 20, 2018. 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 June 25, 2018 at 60.32 and reached 65.90 on July 26, 2018. ABT gained -5.58 points, or -9.25%, in 31 days. The price is now at the 33.51% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 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) 56.54
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 41.08
Greed/Fear Indicator (GFI) 54.69
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.49
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 78.09
Greed/Fear Indicator (GFI) 72.60
Moving Average Converg./Diverg. (MACD) 1.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 71.41
Monthly Trendline Support 67.70
Upper Bollinger Band 66.24
Parabolic System 65.97
Weekly Stochastic Crossing 64.66
Daily Stochastic Crossing 64.52
20 Day Moving Average 64.45
Price 64.03
50 Day Moving Average 63.12
Lower Bollinger Band 62.29
Quarterly Trendline Resistance 54.36
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.32
Low Date 06/25/2018
High 65.90
High Date 07/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.58
Low Date 02/09/2018
High 65.90
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 71.41
Support 67.70
Low 37.38
Low Date 12/01/2016
High 65.90
High Date 07/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 54.36
Support 40.15
Low 36.00
Low Date 01/28/2016
High 65.90
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 33.89
Support 39.78
Low 31.64
Low Date 01/02/2013
High 65.90
High Date 07/26/2018
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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