NYSE:ABBV - New York Stock Exchange, Inc. - US00287Y1091 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ABBV. In the past year, ABBV was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, ABBV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 192.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 189.31, a Stop Loss order could be placed below this zone.
163.33
4 important support areas can be observed.
3 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The short term trend for ABBV is neutral. |
ChartMill Relative Strength | 43.46 | 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) | DOWN | MIXED | The current price of ABBV is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 52.38 | NEUTRAL | The RSI value for ABBV is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ABBV has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 46.02 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
Average Directional Index/ADX (14) | 10.82 | NEGATIVE | The low ADX value for ABBV suggests a weak or negative trend. |
190.28
-0.55 (-0.29%)