ABBVIE INC (ABBV) Stock Technical Analysis
NYSE:ABBV • US00287Y1091
We assign a technical rating of 6 out of 10 to ABBV. In the last year, ABBV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- ABBV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ABBV is lagging the market slightly.
- In the last month ABBV has a been trading in the 204.27 - 235.25 range, which is quite wide. It is currently trading near the high of this range.
- ABBV has an average volume of 6743940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ABBV outperforms 52% of them, which is more or less in line with the market.
- ABBV is an average performer in the Biotechnology industry, it outperforms 54% of 521 stocks in the same industry.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 232.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 227.10, a Stop Loss order could be placed below this zone.
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184.38
When analyzing the support we can see 4 important areas.
- A support zone ranging from 219.44 to 227.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 214.03 to 214.34. 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 @186.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @232.06 from a horizontal line 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 | 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 | 52.87 | 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) | UP | POSITIVE | The current price of ABBV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.92 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests ABBV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.23 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 9.55 | NEGATIVE | The low ADX value for ABBV suggests a weak or negative 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 |
|---|---|---|---|
| 232.07 | 219.43 | 12.64 (5.45%) | 18.36% |
| An entry @232.07. This is a Buy Stop order right above the resistance zone. | An exit @219.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.64 points, which is 5.45%. | For a 1.00% total portfolio risk, you can invest 18.36% of your capital in this trade. |
- 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.
228.44
-1.04 (-0.45%)
ABBVIE INC / ABBV FAQ
Can you provide the ChartMill technical rating for ABBVIE INC?
ChartMill assigns a technical rating of 6 / 10 to ABBV.
What is the current trend direction of ABBVIE INC (ABBV) stock?
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 54.921. 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 0.544497, indicating a bearish trend.
What are the support and resistance levels for ABBVIE INC (ABBV) stock?
ABBVIE INC (ABBV) has a support level at 227.1 and a resistance level at 232.06. Check the full technical report for our detailed analysis of ABBV support and resistance levels.