ABBVIE INC (ABBV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABBV - US00287Y1091 - Common Stock
Overall ABBV gets a technical rating of 2 out of 10. Although ABBV is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ABBV has a been trading in the 209.96 - 237.04 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, ABBV did better than 73% of all other stocks.
- ABBV has an average volume of 6072790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- ABBV is an average performer in the Biotechnology industry, it outperforms 63% of 525 stocks in the same industry.
- ABBV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABBV is lagging the market.
ABBV has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
182.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 214.03 to 214.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @209.79 from a horizontal line in the daily time frame.
- Support @184.66 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 220.94 to 226.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 232.06 to 232.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @236.29 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for ABBV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABBV is down. |
| ChartMill Relative Strength | 73.29 | POSITIVE | ABBV has a high relative strength, it outperformed 73.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABBV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABBV is below a declining 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) | 37.2 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.34 | NEGATIVE | The MACD value suggests ABBV has a negative trend. |
| Stochastics (14,3) | 7.14 | OVERSOLD | The low Stochastics value suggests ABBV may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 12.09 | NEGATIVE | The low ADX value for ABBV suggests a weak or negative trend. |
214.04
-0.31 (-0.14%)
ABBVIE INC / ABBV FAQ
Can you provide the ChartMill technical rating for ABBVIE INC?
ChartMill assigns a technical rating of 2 / 10 to ABBV.
What is the current trend direction of ABBVIE INC (ABBV) stock?
The current trend direction for ABBVIE INC (ABBV) is Bearish.
Can you provide the RSI signal for ABBVIE INC?
ABBVIE INC (ABBV) has an RSI value of 37.1956. This indicates that the stock is currently neutral.
What is the MACD signal for ABBV stock?
The MACD indicator for ABBVIE INC (ABBV) has a value of -1.34173, indicating a bearish trend.
What are the support and resistance levels for ABBVIE INC (ABBV) stock?
ABBVIE INC (ABBV) has a support level at 214.03 and a resistance level at 220.94. Check the full technical report for our detailed analysis of ABBV support and resistance levels.