ABBVIE INC (ABBV) Stock Technical Analysis
NYSE:ABBV - New York Stock Exchange, Inc. - US00287Y1091 - Common Stock - Currency: USD
Taking everything into account, ABBV scores 2 out of 10 in our technical rating. ABBV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ABBV is a bad performer in the overall market: 71% of all stocks are doing better.
In the last month ABBV has a been trading in the 184.63 - 198.83 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
ABBV has an average volume of 5899240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
ABBV is an average performer in the Biotechnology industry, it outperforms 62% of 553 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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 188.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
163.33
218.84
We found 5 important support areas.
- A support zone ranging from 186.97 to 188.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 177.44 to 182.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @173.64 from a trend line in the daily time frame.
- Support @170.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 164.98 to 164.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 189.09 to 192.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @198.47 from a horizontal line in the daily time frame.
- 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 | 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 | 29.26 | NEGATIVE | ABBV has a low relative strength, it was outperformed by 70.74% 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) | 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) | 49.89 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ABBV has a negative trend. |
| Stochastics (14,3) | 44.03 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.16 | NEGATIVE | The low ADX value for ABBV suggests a weak or negative 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)
189.02
-0.29 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.15%
1 Week-0.95%
2 Weeks-1.24%
1 Month-0.91%
3 Month-4.76%
6 Month2.78%
12 Month-0.14%
2 Year26.37%
3 Year31.71%
5 Year99.16%
10 Year169.99%
15 YearN/A
Volatility
ATR(14)4.54
ATR(20)%2.42%
ATR Inc86.99%
Range Today11.21
ADR(20)4.48
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.26
Mansfield-0.79
10 Day High198.83
10 Day Low184.63
20 Day High198.83
20 Day Low184.63
52 Week High218.66
52 Week Low163.81
CS1 End188.81
CR1 Start189.09
Volume & EV
DER(3)-1.26%
DER(5)-0.88%
Volume10.35M
Volume Incr-12.17%
Vol(5)5.93M
Vol(50)5.90M