ABBVIE INC (ABBV) Stock Technical Analysis
NYSE:ABBV - New York Stock Exchange, Inc. - US00287Y1091 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ABBV. In the past year, ABBV was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month ABBV has a been trading in the 181.73 - 197.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ABBV has an average volume of 6095200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, ABBV outperforms 43% of them, which is more or less in line with the market.
ABBV is an average performer in the Biotechnology industry, it outperforms 65% of 556 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.
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. There is a resistance zone just above the current price starting at 192.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 189.31, a Stop Loss order could be placed below this zone.
More info and screens
163.33
218.84
4 important support areas can be observed.
- A support zone ranging from 186.04 to 189.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 177.44 to 179.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 170.30 to 173.44. 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 192.16 to 192.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @198.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 214.30 to 216.67. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ABBV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABBV is neutral. |
| ChartMill Relative Strength | 43.46 | 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) | DOWN | MIXED | The current price of ABBV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.38 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ABBV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.02 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.82 | NEGATIVE | The low ADX value for ABBV suggests a weak or negative 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)
190.28
-0.55 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.29%
1 Week0.54%
2 Weeks-1.13%
1 Month1.87%
3 Month2.27%
6 Month11.73%
12 Month2.77%
2 Year27.21%
3 Year32.59%
5 Year100.49%
10 Year171.79%
15 YearN/A
Volatility
ATR(14)4.32
ATR(20)%2.33%
ATR Inc-42.61%
Range Today2.87
ADR(20)4.34
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.46
Mansfield-0.84
10 Day High192.67
10 Day Low184.63
20 Day High197.5
20 Day Low181.73
52 Week High218.66
52 Week Low163.81
CS1 End189.31
CR1 Start192.16
Volume & EV
DER(3)0.35%
DER(5)0.62%
Volume3.79M
Volume Incr-41.59%
Vol(5)4.19M
Vol(50)6.10M