The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for downtrend resistance trend trading. Stock trend chart - following long term trend and downtrend resistance.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,downtrend resistance
Abbott Labs
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Abbott Labs (ABT). During the week, the ABT gained 2.52 points, or 4.29%, and closed at 61.26 on Friday, May 11, 2018. It was the best weekly gain since March 9, 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 (39.42) 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 (39.74) 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. The distance between MACD and the signal line is relatively high, but getting smaller. 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 March 12, 2018 at 63.95 and reached 56.81 on May 3, 2018. ABT lost 7.14 points, or 11.16%, in 52 days. The chart has formed a Ascending Triangle chart pattern.

Daily Technical Indicators: [See ABT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.74
Williams' Percentage Range (W%R) 24.00
Lane's Stochastic (%D-Slow) 86.38
Overbought
Greed/Fear Indicator (GFI) 75.02
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.12
Williams' Percentage Range (W%R) 47.70
Lane's Stochastic (%D-Slow) 33.28
Greed/Fear Indicator (GFI) 46.36
Moving Average Converg./Diverg. (MACD) 1.91
Trading Signals
Description Value Chart
Monthly Trendline Resistance 70.72
Price 61.26
Upper Bollinger Band 60.99
Daily Stochastic Crossing 60.72
50 Day Moving Average 60.03
20 Day Moving Average 59.16
Weekly Stochastic Crossing 58.92
Lower Bollinger Band 57.68
Parabolic System 57.28
Monthly Trendline Support 56.78
Quarterly Trendline Resistance 53.30
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Drug Manufacturers/Major 62
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 63.95
High Date 03/12/2018
Low 56.81
Low Date 05/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 70.72
Support 56.78
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 53.30
Support 39.74
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 35.36
Support 39.42
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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