Previous Hold Today ABT ranks #3605 as HOLD CANDIDATE #3605 Next Hold

ABT stock forecast Abbott Laboratories

ABT stock forecast

VOLUME
Buy
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

ABT Forecast and Technical Stock Analysis


Hold candidate since 2019-09-11 Loss -0.30% PDF

Abbott Laboratories fell by -1.10% in the last day ( Friday, 13th Sep 2019 ) from $85.21 to $84.27 During the day the stock fluctuated 1.75% from a day low at $83.89 to a day high of $85.36. The price has risen in 6 of the last 10 days , but is still down by -0.65% for this period. Volume has increased in the last day by 0.19 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.63 million shares bought and sold for approximately $305.51 million.

Quick summary:

  • 30 day high of the ABT stock price was $86.43 and low was $81.02.
  • 90 day high was $88.76 and low was $81.02.
  • 52 week high for Abbott Laboratories - $88.76 and low - $65.44.
Top Trending Stocks

Trend

Abbott Laboratories is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Abbott Laboratories with a 90% probability to be traded between $82.00 and $88.84 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. Abbott Laboratories holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $84.77 and $85.05. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday September 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

The stock had a Golden Star Signal* on Monday January 07, 2019 in the medium-term chart.

* 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.
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Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 60 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 $84.22.

Support: $84.22 Price: $84.27 Resistance: $85.00

Risk

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 $1.47 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 2.38%.

Our recommended stop-loss: $81.44 (-3.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

2.38 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Abbott Laboratories holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Previous Hold Today ABT ranks #3605 as HOLD CANDIDATE #3605 Next Hold

Will ABT stock price go up or down on Mon, 16 Sep 2019?

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!

Get access to Golden Star list now!
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