Abbott Laboratories Stock Forecast

Abbott Laboratories stock price down 0% on Tuesday
(Updated on Jul 02, 2024)

ABT Signals & Forecast

There are few to no technical positive signals at the moment. The Abbott Laboratories stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $104.38 and $104.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -4.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Abbott Laboratories stock

Abbott Laboratories finds support from accumulated volume at $102.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.690 between high and low, or 0.672%. For the last week the stock has had daily average volatility of 1.54%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ABT) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Abbott Laboratories to open at $103.10, and during the day (based on 14 day Average True Range), to move between $101.54 and $104.86, which gives a possible trading interval of +/-$1.66 (+/-1.61%) up or down from last closing price. If Abbott Laboratories takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $102.19 (0.98%) than the resistance at $104.27 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Abbott Laboratories stock A Buy?

Abbott Laboratories holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.759 Sell Candidate Unchanged

Predicted Opening Price for Abbott Laboratories of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.