Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ABT stock price broke below the lower trendline on the charts.</a> </li> 
 <li> <span>2</span> <a>Buyers are cautious and are trying to hold the gains near the $100 mark.</a> </li> 
</ul> 
<p>Abbott Laboratories (NYSE: ABT) is under selling pressure, it slipped below the round spot of $100, which means that a fresh downtrend is imminent. Furthermore, the chart shows that the roller coaster moves and price stayed in a narrow range and did not escape the $96 – $120 range. Moreover, the price action shows that ABT stock shows neutrality. The three-black crows pattern was noted on the chart, highlighting the selling pressure in the past sessions. ABT stock was trading below the significant moving averages, suggesting a negative outlook due to the breakdown below the cluster of $100.</p> 
<p>ABT stock price showcases seller dominance and signals short buildup activity. The chart suggests that a rebound may be seen because the profit booking might be coming to an end, and $95 could prove to be a strong support zone where a bounce may be seen.</p> 
<p>At press time, ABT stock price is trading at $98.15 with an intraday drop of 0.79%, showing neutrality on the charts. Moreover, the trading volume increased by 0.34% to 4.787 Million, and the market cap is $170.325 Billion. Furthermore, analysts maintained a neutral rating with a yearly target price of $124.02, suggesting a weak growth outlook for the following sessions.</p> 
<p>Abbott Laboratories discovers, develops, manufactures, and sells a broad and diversified line of healthcare products. It operates through the following business segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices.&nbsp;</p> 
<p>The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products.</p> 
<h2 class="wp-block-heading" id="strong-abt-stock-price-slips-below-100-on-daily-charts-strong"><strong>ABT Stock Price Slips Below $100 On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="464" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-1024x464.png" alt="ABT Stock Faces Selling Pressure, Slips Below $100, What Next?" class="wp-image-170781" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-774.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ABT Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, ABT stock shows a volatile chart structure with the bears &amp; bulls, trying their best to attain dominance, but their efforts are depicted on the charts, signifying a double top pattern near $110. Moreover, the price failed to surpass the cluster of $110 multiple times, indicating that sellers have maintained the region decisively and are yet to permit the bulls to escape.</p> 
<p>The RSI curve stayed in the oversold region and showed a bearish divergence, indicating a negative crossover on the charts.</p> 
<p>The MACD shows bearish crossover and formed red bars on the histogram, suggesting a negative outlook for the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/23/evgo-inc-will-evgo-stock-sustain-above-3-45-mark-reach-5-00/" target="_blank" rel="noreferrer noopener">ABT stock price </a>is trading near the lower Bollinger band, showing selling pressure on the charts. Moreover, the price action shows short buildup activity and suggests that follow-on selling may break the immediate support zone of $95, retesting the cluster of $90. Conversely, if a rebound occurs, it may soon reach $110.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p>Support Levels:$85 and $80</p> 
<p>Resistance Levels: $110 and $120</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

ABT Stock Faces Selling Pressure, Slips Below $100, What Next?

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