The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
AbbVie
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceOversold sector
Daily :Williams' Percentage Range is overboughtThe price has fallen below the Parabolic SARDaily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was a second consecutive positive week for the AbbVie (ABBV). During the week, the ABBV gained 1.60 points, or 1.69%, and closed at 96.32 on Friday, December 01, 2017. Weekly volume was -18% below average.

ABBV is a member of Healthcare Sector. Healthcare is the most oversold 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 98.52 on December 1, 2017. ABBV gained -53.07 points, or -116.77%, in 110 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (66.18) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term uptrend had started on October 28, 2016 at 55.06 and reached 98.52 on December 1, 2017. ABBV gained -43.46 points, or -78.93%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (73.90) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 25, 2017. This is an indication that the medium-term trend is up. 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 15, 2017 at 92.72 and reached 98.52 on December 1, 2017. ABBV gained -5.80 points, or -6.26%, in 16 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.86
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 75.71
Greed/Fear Indicator (GFI) 71.37
Moving Average Converg./Diverg. (MACD) 1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.28
Overbought Bearish
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 77.49
Bearish
Greed/Fear Indicator (GFI) 78.31
Moving Average Converg./Diverg. (MACD) 6.25 Bearish
Trading Signals
Description Value Chart
Parabolic System 97.63
Daily Stochastic Crossing 97.10
Upper Bollinger Band 96.80
Price 96.32
Weekly Stochastic Crossing 95.70
20 Day Moving Average 94.77
50 Day Moving Average 92.41
Lower Bollinger Band 92.28
Quarterly Trendline Resistance 82.30
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Major 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 92.72
Low Date 11/15/2017
High 98.52
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.24
Low Date 10/26/2017
High 98.52
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.38
Low Date 07/28/2017
High 98.52
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 82.30
Support 73.90
Low 55.06
Low Date 10/28/2016
High 98.52
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 76.87
Support 66.18
Low 45.45
Low Date 10/22/2015
High 98.52
High Date 12/01/2017
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.

Copyright© 2004-2016 All rights reserved.