Based on the provided data and recent market developments, here's the analysis for ABT's price movement in the next trading week:
Technical Analysis
The stock is showing strong momentum with RSI at 75.07, indicating bullish sentiment but approaching overbought territory. The MACD of 1.50 confirms positive momentum. The stock is trading above both its 20-day (114.94) and 200-day (110.26) moving averages, suggesting a strong uptrend.
News Sentiment and Fundamental Drivers
Price Targets and Analyst Consensus
Price Prediction for Next Week Based on technical indicators and analyst sentiment:
The stock is likely to continue its upward momentum but may face some resistance around $126-127 level. Traders should consider buying on dips near $123 level with a stop loss below $122.
Trading Strategy BUY with the following parameters:
The positive analyst sentiment, strong technical indicators, and broader healthcare sector outlook support a bullish stance for the coming week.
The price of ABT is predicted to go up -1.02%, based on the high correlation periods with MSA. The similarity of these two price pattern on the periods is 95.94%.
ABT
MSA
Year
ABT Price Forecast($)
Potential Return(%)
2025
113.930
0.090
2026
135.000
18.600
2027
145.000
27.380
2028
145.000
27.380
2029
145.000
28.270
2030
160.000
41.540
Abbott has been investing in structural heart products and recently entered the left atrial appendage closure market.
Early results from an investigational clinical trial on the Tendyne transcatheter mitral valve were favorable. If the pivotal trial results are favorable, this could give a boost to Abbott's structural heart unit.
Abbott's sale of its established pharma business in developed markets to Mylan and its acquisition of CFR and Veropharm have put the branded generics business in a strong position to benefit from growing demand in emerging markets.
Stifel
Price Target
$130 → $135
Upside
+10.54%
UBS
Price Target
$146 → $148
Upside
+21.18%
Barclays
Price Target
$143 → $149
Upside
+26.74%