The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Channel
Number of records: 15
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
AbbVie
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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the AbbVie (ABBV). During the week, the ABBV dropped -7.31 points, or -7.75%, and closed at 86.96 on Friday, December 07, 2018. It was the worst weekly loss since July 20, 2018. ABBV was trading at average weekly trading volume.

ABBV is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on October 22, 2015 at 45.45 and reached 125.86 on January 26, 2018. ABBV gained -80.41 points, or -176.92%, in 118 weeks. The price is now at the 48.38% retracement level.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 125.86 and reached 77.50 on November 1, 2018. ABBV lost 48.36 points, or 38.42%, in 39 weeks. The price is now at the 19.56% retracement level.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ABBV short-term trend chart]
A short-term uptrend had started on November 23, 2018 at 84.90 and reached 94.98 on December 4, 2018. ABBV gained -10.08 points, or -11.87%, in 11 days. The price is now at the 79.56% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 5, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.16
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 63.41
Greed/Fear Indicator (GFI) 52.16
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.21
Williams' Percentage Range (W%R) 45.30
Lane's Stochastic (%D-Slow) 54.04
Greed/Fear Indicator (GFI) 51.72
Moving Average Converg./Diverg. (MACD) -2.44
Trading Signals
Description Value Chart
Parabolic System 94.73
Upper Bollinger Band 93.23
Daily Stochastic Crossing 90.64
20 Day Moving Average 89.11
50 Day Moving Average 88.45
Weekly Stochastic Crossing 88.15
Price 86.96
Lower Bollinger Band 84.32
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 143
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 94.98
High Date 12/04/2018
Low 86.37
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.90
Low Date 11/23/2018
High 94.98
High Date 12/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 77.50
Low Date 11/01/2018
High 94.98
High Date 12/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 125.86
High Date 01/26/2018
Low 77.50
Low Date 11/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.45
Low Date 10/22/2015
High 125.86
High Date 01/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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