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 has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month ABBV has a been trading in the 181.73 - 193.59 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
ABBV has an average volume of 7028100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ABBV turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
ABBV is an average performer in the Biotechnology industry, it outperforms 63% of 555 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.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, ABBV does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
163.33
194.35
We found 3 important support areas.
- Support @178.15 from a trend line in the weekly 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.
- 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 found 1 important resistance area.
- A resistance zone ranging from 185.66 to 192.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for ABBV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABBV is down. |
| ChartMill Relative Strength | 44.77 | NEUTRAL | ABBV is not amongst the best or worst performers 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 | MIXED | The current price of ABBV is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ABBV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests ABBV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.82 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for ABBV suggests a possible start of a new 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)
185.62
+3.31 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.82%
1 Week1.01%
2 Weeks-2.86%
1 Month-0.26%
3 Month-0.72%
6 Month2.43%
12 Month10.98%
2 Year37.77%
3 Year21.19%
5 Year89.06%
10 Year176.26%
15 YearN/A
Volatility
ATR(14)3.88
ATR(20)%2%
ATR Inc52.85%
Range Today4.5
ADR(20)3.64
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.77
Mansfield-0.81
10 Day High191.66
10 Day Low181.73
20 Day High193.59
20 Day Low181.73
52 Week High218.66
52 Week Low163.81
CS1 End177.68
CR1 Start185.79
Volume & EV
DER(3)0.95%
DER(5)1.06%
Volume6.48M
Volume Incr87.92%
Vol(5)10.01M
Vol(50)7.03M