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ABT Forecast and Technical Stock Analysis
Buy candidate since 2020-01-15 Gain 1.85% PDF
Abbott Laboratories gained 0.82% in the last trading day ( Friday, 17th Jan 2020 ), rising from $88.28 to $89.00 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.01% from a day low at $88.31 to a day high of $89.20. The price has risen in 7 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.86 million more shares were traded than the day before. In total, 5.88 million shares bought and sold for approximately $523.19 million.
- 30 day high of the ABT stock price was $89.24 and low was $84.01.
- 90 day high was $89.24 and low was $80.41.
- 52 week high for Abbott Laboratories - $89.24 and low - $68.80.
Abbott Laboratories lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $89.50 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.66% during the next 3 months and, with 90% probability hold a price between $91.17 and $95.46 at the end of this period.
Only positive signals in the chart today. Abbott Laboratories holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $86.76 and $86.21. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 13, 2020, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 59 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Abbott Laboratories finds support from accumulated volume at $86.66.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.89 (1.01%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: $85.02 (-4.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
1.52 %Average volatility
Very Low Low Medium High Very High
Abbott Laboratories holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.