. ABB LTD. Technical Analysis, And ABB LTD. Price Forecast

ABB LTD. Technical Analysis, And ABB LTD. Price Forecast

08 Jul 2022

ABB LTD. Technical Analysis: Weekly Chart

In the weekly charts, ABB LTD. is trading in a down channel. ABB LTD. is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 24.85 & the resistance level is at 29.44.

ABB LTD. will trade in down channel until there is trend reversal.

ABB LTD. Technical Analysis: Daily Chart

In the daily charts, ABB LTD. was trading in parallel channel. ABB LTD. is currently trading above 20 days SMA & below 50 and 100 days SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 26.19 & the resistance level is at 26.67.

ABB LTD. was trading in parallel channel before there is breakout upside.   

How to Trade ABB LTD. this Week:

ABB LTD. will follow the down channel until their trend reversal. So, remain bearish on ABB LTD..

TRADE SUGGESTION- SELL AT 26.37, TAKE PROFIT AT 26.19 AND STOP LOSS AT 26.67