ABBVIE INC (ABBV) Stock Technical Analysis
NYSE:ABBV - US00287Y1091 - Common Stock
211.64 USD
+1.22 (+0.58%)
210.852 USD
-0.79 (-0.37%)
We assign a technical rating of 8 out of 10 to ABBV. Although ABBV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
ABBV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABBV is lagging the market slightly.
ABBV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ABBV has an average volume of 4980560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ABBV outperforms 63% of them, which is more or less in line with the market.
ABBV is part of the Biotechnology industry. There are 541 other stocks in this industry, ABBV did better than 65% of them.
ABBV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 214.30. Right above this resistance zone may be a good entry point.
More info and screens
168.60
218.84
We found 4 important support areas.
- A support zone ranging from 192.56 to 195.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 182.30 to 182.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.44 from a horizontal line in the daily time frame.
- A support zone ranging from 170.30 to 171.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 214.30 to 216.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ABBV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABBV is up. |
| ChartMill Relative Strength | 63.64 | NEUTRAL | ABBV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABBV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABBV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABBV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.37 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests ABBV has a negative trend. |
| Stochastics (14,3) | 58.65 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for ABBV suggests low volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for ABBV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 216.68 | 205.48 | 11.20 (5.17%) | 19.35% |
| An entry @216.68. This is a Buy Stop order right above the resistance zone. | An exit @205.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.20 points, which is 5.17%. | For a 1.00% total portfolio risk, you can invest 19.35% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
211.64
+1.22 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.58%
1 Week-0.1%
2 Weeks1.57%
1 Month6.54%
3 Month10.76%
6 Month-0.06%
12 Month8.97%
2 Year41.98%
3 Year57.69%
5 Year141.63%
10 Year288.97%
15 YearN/A
Volatility
ATR(14)3.13
ATR(20)%1.52%
ATR Inc-18.28%
Range Today3.84
ADR(20)3.13
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.64
Mansfield0.08
10 Day High214.34
10 Day Low205.49
20 Day High214.34
20 Day Low199.21
52 Week High218.66
52 Week Low163.81
CS1 End195.49
CR1 Start214.3
Volume & EV
DER(3)0.45%
DER(5)1.32%
Volume4.52M
Volume Incr-4.26%
Vol(5)4.23M
Vol(50)4.98M