ABBVIE INC (ABBV) Stock Technical Analysis
USA - NYSE:ABBV - US00287Y1091 - Common Stock
Taking everything into account, ABBV scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABBV is showing a nice and steady performance.
ABBV has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 227.98, a Stop Loss order could be placed below this zone.
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178.72
When analyzing the support we can see 4 important areas.
- A support zone ranging from 226.21 to 227.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @203.77 from a trend line in the daily time frame.
- Support @198.15 from a trend line in the weekly time frame.
- Support @180.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 228.27 to 233.92. 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 | 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 | 81.44 | POSITIVE | ABBV has a high relative strength, it outperformed 81.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ABBV is below 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) | 52.7 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.05 | NEGATIVE | The MACD value suggests ABBV has a negative trend. |
| Stochastics (14,3) | 28.23 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 32.44 | POSITIVE | The high ADX value value for ABBV suggests a strong trend. |
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 |
|---|---|---|---|
| 229.06 | 226.20 | 2.86 (1.25%) | 25.00% |
| An entry @229.06. This is a Buy Stop order right above the 10 day moving average. | An exit @226.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.86 points, which is 1.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABBV. Please evaluate whether better entry and exit points can be found.
- 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.
227.99
-0.26 (-0.11%)
ABBVIE INC / ABBV FAQ
Can you provide the ChartMill technical rating for ABBVIE INC?
ChartMill assigns a technical rating of 9 / 10 to ABBV.
Can you provide the trend direction for ABBVIE INC?
The current trend direction for ABBVIE INC (ABBV) is Bullish.
Can you provide the RSI signal for ABBVIE INC?
ABBVIE INC (ABBV) has an RSI value of 52.7033. This indicates that the stock is currently neutral.
What is the short term momentum for ABBVIE INC (ABBV) stock?
The short term momentum for ABBVIE INC (ABBV) is positive.
What is the support and resistance level for ABBV stock?
ABBVIE INC (ABBV) has a support level at 227.98 and a resistance level at 228.27. Check the full technical report for our detailed analysis of ABBV support and resistance levels.