ABB LTD. Technical Analysis, Forecast and Trade Signals
07 Jun 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 20 and 50 days SMA & above 100 days SMA.
RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 29.18 & the resistance level is at 31.37.
ABB LTD. will trade in the down channel until there is trend reversal.
ABB LTD. Technical Analysis: Daily Chart
In the daily charts, ABB LTD. is trading in an up channel. ABB LTD. is currently trading above all SMA.
RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 29.86 & the resistance level is at 31.03.
ABB LTD. will trade in the up channel until there is trend reversal.
How to Trade ABB LTD. this Week:
ABB LTD. will follow the uptrend until their trend reversal. So, remain bullish on ABB LTD..