. ABB LTD. Technical Analysis By Capital Street Fx

ABB LTD. Technical Analysis

19 Jul 2022

ABB LTD. Technical Analysis: Weekly Chart

ABB LTD. Technical Analysis

In the weekly charts, ABB LTD. is trading in 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 25.97 & the resistance level is at 27.34.

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

ABB LTD. Technical Analysis: Daily Chart

ABB LTD. Technical Analysis

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

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

Its immediate support is 26.27 & the resistance level is at 27.41.

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

How to Trade ABB LTD. this Week:

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

TRADE SUGGESTION- SELL AT 26.70, TAKE PROFIT AT 26.27 AND STOP LOSS AT 27.34