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 :Price is near the Fibonacci 38.2% retracement level
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic has raised above the signal line
Move cursor over the icon to see details.

It was a first positive week for the AbbVie (ABBV). During the week, the ABBV gained 2.38 points, or 2.43%, and closed at 100.43 on Friday, June 08, 2018. ABBV was trading at average weekly trading volume.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on October 28, 2016 at 55.06 and reached 125.86 on January 26, 2018. ABBV gained -70.80 points, or -128.59%, in 65 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 88.22 on April 3, 2018. ABBV lost 37.64 points, or 29.91%, in 9 weeks. The price is now at the 32.44% 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. Use the following link to access a MACD help.

Short-term trend: [See ABBV short-term trend chart]
A short-term downtrend had started on May 21, 2018 at 107.25 and reached 97.62 on June 4, 2018. ABBV lost 9.63 points, or 8.98%, in 14 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since May 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (100.07) comes close to the price (100.43). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 35.55
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 29.89
Greed/Fear Indicator (GFI) 27.56
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.88
Williams' Percentage Range (W%R) 70.60
Lane's Stochastic (%D-Slow) 55.87
Greed/Fear Indicator (GFI) 41.99
Moving Average Converg./Diverg. (MACD) 2.70
Trading Signals
Description Value Chart
Upper Bollinger Band 106.65
20 Day Moving Average 102.52
Weekly Stochastic Crossing 100.61
Price 100.43
Parabolic System 100.07
Daily Stochastic Crossing 99.48
50 Day Moving Average 98.10
Lower Bollinger Band 95.05
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Drug Manufacturers/Major 77
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 107.25
High Date 05/21/2018
Low 97.62
Low Date 06/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.22
Low Date 04/03/2018
High 107.25
High Date 05/21/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 125.86
High Date 01/26/2018
Low 88.22
Low Date 04/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.06
Low Date 10/28/2016
High 125.86
High Date 01/26/2018
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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