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Takip Edin: @UscMarketsABT Stock Forecast & Abbott Laboratories Chart Analysis
This article provides a detailed analysis of ABT-Abbott Laboratories stock including a forecast for ABT shares. It features Abbott Laboratories technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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ABT Historical Data Review
ABT Current Price Performance Analysis
The Abbott Laboratories - ABT stock traded on the American stock market, on 06-05-2024, closed at 103.23$ with a %-0.19 decreased compared to the previous day.
In the last month, the price of ABT changed by %-2.28 decreased in value, from 105.64 dollars on 05-06-2024 to 103.23 dollars, decreased.
Last year, the price of ABT was 102.62 dollars on 06-06-2023, and changed by %0.59 increased in value, to 103.23 dollars increased within a year.
The price of Abbott Laboratories stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
ABT with AI Stock Forecast & Price Target
On the ABT chart Abbott Laboratories price was recorded as 103.23 Dollars on 06/05/2024.
The artificial intelligence's forecast on ABT stock is as follows.
The artificial intelligence's prediction error margin for ABT stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Abbott Laboratories stock over the next 4 months is: 112.4 Dollars.
The commentary on ABT stock Target Price: Highest: 116.901 Dollars is predicted.
The commentary on ABT stock Target Price: Lowest: 107.458 Dollars is predicted.
Resistance Price where Abbott Laboratories stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 114.302 |
| 10-08-2024 | 114.404 |
| 11-22-2024 | 116.901 |
| 01-01-2025 | 115.307 |
| 02-20-2025 | 112.259 |
Support Price where Abbott Laboratories stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 108.137 |
| 10-23-2024 | 112.905 |
| 12-27-2024 | 115.215 |
| 02-05-2025 | 111.206 |
| 03-27-2025 | 107.458 |
The commentary on ABT stock: The target price can generally be said to be on the decline.
The commentary on ABT stock: Fluctuations in the target price can be expected in the coming days.
The target price for Abbott Laboratories stock by the end of 2024 is predicted to be 115.215 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ABT stock, and the 2024 target price predictions for Abbott Laboratories are detailed above.
The technical analysis and charts for the commentary on ABT stock are below.
ABT Support & Resistance and Trend Analysis
ABT stock you have reviewed the technical analysis support resistance charts regarding.
ABT : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ABT review, the Abbott Laboratories support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Abbott Laboratories Support and Resistance Prices:
| ABT Support Level Price | ABT Resistance Level Price |
|---|---|
| 92.43 | 105.50 |
| 100.64 | 108.19 |
| 104.25 | 114.02 |
| 109.11 | 115.49 |
| 109.74 | 115.50 |
| 110.58 | 115.64 |
| 112.26 | 120.15 |
| 121.64 |
ABT Technical Analysis: SMA, RSI, MACD
Upon reviewing the ABT chart, buy and sell signals have been generated in the Abbott Laboratories technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ABT stock are as follows:- ABT technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Abbott Laboratories gave a 'Buy' signal when the RSI was at 28.6, with the current RSI value at 43.841.
- The technical analysis for ABT indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Abbott Laboratories issued a 'Buy' signal when the MACD was at -1.441, with the current MACD value being: -1.198
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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