S & P 100 index components
3M Company (MMM)
Updated on 15th August 2022.
Outlook is bearish.
Click here for chart of 3M.
Trading at $152.24 which is above the 150 day simple moving average at $146.17, and the latter has recently turned downwards. A rally to around $210 would be required to provide evidence of a breakout from the current downward trend.
Apple (AAPL)
Updated on 15th August 2022.
Outlook is bullish.
Click here for chart of Apple.
Trading at $172.10 which is above the 150 day simple moving average at $157.64, and the latter has recently turned downwards. The stock recovered quickly from the previous downturn in the 150 day, and the longer term trend remains upwards. A fall below $125 would be required to provide evidence of a breakdown of the current upward trend.
Abbvie (ABBV)
Updated on 15th August 2022.
Outlook is very bullish.
Click here for chart of Abbvie.
Trading at $142.60 which is slightly below the upward trending 150 day simple moving average at $149.64. The recent breakthrough above the level of the previous all time high of $123, confirms a very bullish outlook. A fall below $100 would be required to provide evidence of a breakdown of the current upward trend.
Abbot Labs (ABT)
Updated on 15th August 2022.
Outlook is very bullish.
Click here for chart of Abbot Labs.
Trading at $111.48 which is slightly below the 150 day simple moving average at $115.75, and the latter has recently turned downwards. However, the long term upward trend remains intact. A fall below $100 would be required to provide evidence of a breakdown of the current upward trend.
Accenture (ACN)
Updated on 15th August 2022.
Outlook is bullish.
Click here for chart of Accenture.
Trading at $320.44 which is above the 150 day simple moving average at $309.03 and the latter has recently turned downwards. However, the long term upward trend remains intact. A fall below $250 would be required to provide evidence of a breakdown of the current upward trend.
Adobe (ADBE)
Updated on 15th August 2022.
Outlook is bullish.
Click here chart of Adobe.
Trading at $445.67 which is above the 150 day simple moving average at $427.35 and the latter has recently turned downwards. However, the long term upward trend remains intact. A fall below $375 would be required to provide evidence of a breakdown of the current upward trend.
American International Group (AIG)
Updated on 15th August 2022.
Outlook is moderately bullish.
Click here for chart of AIG.
Trading at $57.41 which is at the 150 day simple moving average (sma) at $53.57and the latter has recently turned downwards. However, the 150 day sma has not been a good indicator for this stock historically. The long term chart shows a resistance level just below $70, and a support level around $48. The stock has traded within that range since the crash 2008. The stock looks more likely to break out on the upside of this range, rather than the downside, therefore the trend is moderately bullish. A break above the $70 level would be very bullish, and conversely a fall below $45 would be very bearish.
Allstate (ALL)
Updated on 15th August 2022.
Outlook is moderately bullish.
Click here for chart of Allstate.
Trading at $129.44 which is above the 150 day simple moving average at $127, and the latter has recently turned upwards. However, the 150 day has not been a good indicator for this stock historically. The long term upward trend channel remains intact, indicating a moderately bullish outlook. A fall below $90 (which has acted as a support level) would be required to provide evidence of a breakdown of the current upward trend.
Amgen (AMGN)
Updated on 15th August 2022.
Outlook is moderately bullish.
Click here for chart of Amgen.
Trading at $248.39 which is above the 150 day simple moving average at $240.22 and the latter has recently turned upwards. The 150 day has recently turned slightly downward, thereby indicating a bullish outlook. However, that indicator has not always been reliable for this stock and a clear resistance level has emerged at $258, thereby indicating a moderately bullish outlook. A fall below $200 would provide evidence of a breakdown of the current upward trend.
Amazon (AMZN)
Updated on 15th August 2022.
Outlook is moderately bullish.
Click here for chart of Amazon.
Trading at $143.55 which is above the 150 day simple moving average at $134.84 and the latter has recently turned downwards. The stock has found support at the $100 level, which was a former resistance level. However, the $150 level (equating to the old $3,000 price before the 20 for 1 split) is likely to act as a new resistance level. A fall below $100 would provide evidence of a breakdown of the long term upward trend.
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