ABBVIE INC (ABBV) Stock Technical Analysis
NYSE:ABBV - New York Stock Exchange, Inc. - US00287Y1091 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ABBV. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ABBV is only an average performer.
The long and short term trends are both positive. This is looking good!
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 187.62 - 211.69 range, which is quite wide. It is currently trading near the high of this range.
ABBV has an average volume of 5771760 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 68% of all stocks.
ABBV is an average performer in the Biotechnology industry, it outperforms 66% of 549 stocks in the same industry.
Although ABBV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
168.60
211.24
When analyzing the support we can see 5 important areas.
- A support zone ranging from 189.77 to 192.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 181.43 to 182.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.44 from a horizontal line in the daily time frame.
- Support @174.34 from a trend line in the daily time frame.
- Support @170.30 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 | 68.53 | 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) | 73.37 | OVERBOUGHT | The high RSI value suggests ABBV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests ABBV has a positive trend. |
| Stochastics (14,3) | 89.82 | OVERBOUGHT | The high Stochastics value suggests ABBV may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for ABBV suggests low volalility. |
| Average Directional Index/ADX (14) | 29.19 | POSITIVE | The high ADX value value for ABBV suggests a strong 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)
209.15
+2.96 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.44%
1 Week3.81%
2 Weeks6.55%
1 Month9.76%
3 Month14.13%
6 Month3.5%
12 Month5.87%
2 Year42.32%
3 Year55.55%
5 Year118.39%
10 Year235.12%
15 YearN/A
Volatility
ATR(14)3.69
ATR(20)%1.93%
ATR Inc-3.15%
Range Today5.04
ADR(20)3.92
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.53
Mansfield0.14
10 Day High211.69
10 Day Low196.5
20 Day High211.69
20 Day Low187.62
52 Week High218.66
52 Week Low163.81
CS1 End192.27
CR1 StartN/A
Volume & EV
DER(3)1.37%
DER(5)1.02%
Volume5.78M
Volume Incr0.65%
Vol(5)4.98M
Vol(50)5.77M