ABBVIE INC (ABBV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABBV - US00287Y1091 - Common Stock
Overall ABBV gets a technical rating of 8 out of 10. Both in the recent history as in the last year, ABBV has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ABBV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 231.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 226.61, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
181.56
We found 3 important support areas.
- A support zone ranging from 222.99 to 226.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 209.79 to 218.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @183.39 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 231.46 to 232.06. This zone is formed by a combination of multiple trend lines 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 | 80.31 | POSITIVE | ABBV has a high relative strength, it outperformed 80.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABBV is above 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) | UP | POSITIVE | The current price of ABBV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.83 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests ABBV has a positive trend. |
| Stochastics (14,3) | 81.01 | OVERBOUGHT | The high Stochastics value suggests ABBV may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for ABBV suggests low volalility. |
| Average Directional Index/ADX (14) | 12.15 | 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 | 222.98 | 9.09 (3.92%) | 25.00% |
| An entry @232.07. This is a Buy Stop order right above the resistance zone. | An exit @222.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.09 points, which is 3.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- 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.
229.89
+1.1 (+0.48%)
ABBVIE INC / ABBV FAQ
Can you provide the ChartMill technical rating for ABBVIE INC?
ChartMill assigns a technical rating of 8 / 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 55.8277. 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 226.61 and a resistance level at 231.46. Check the full technical report for our detailed analysis of ABBV support and resistance levels.