The Greedy Trader Weekly Analysis
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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

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- 6/5/2026 -
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AbbVie (ABBV) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtThe price is above the upper Bollinger Band
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It was a fourth consecutive positive week for the AbbVie (ABBV). During the week, the ABBV gained 9.51 points, or 4.37%, and closed at 227.23 on Friday, June 5, 2026. ABBV was trading at average weekly trading volume.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on June 28, 2023 at 130.96 and reached 244.81 on October 1, 2025. ABBV gained -113.85 points, or -86.93%, in 118 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 201.80 and resistance is at 274.99. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on October 1, 2025 at 244.81 and reached 190.75 on April 29, 2026. ABBV lost 54.06 points, or 22.08%, in 30 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 187.48 and resistance is at 232.26. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since December 5, 2025. 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 June 4, 2026 at 224.99 and reached 230.47 on June 5, 2026. ABBV gained -5.48 points, or -2.44%, in 1 days. The price is now at the 59.12% retracement 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. 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 link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 29, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.00
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 70.78
Greed/Fear Indicator (GFI) 77.53
Moving Average Converg./Diverg. (MACD) 2.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.03
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 62.24
Greed/Fear Indicator (GFI) 63.70
Moving Average Converg./Diverg. (MACD) -1.52
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 232.26
Price 227.23
Upper Bollinger Band 226.97
Daily Stochastic Crossing 225.99
Monthly Trendline Resistance 225.41
Weekly Stochastic Crossing 218.42
20 Day Moving Average 213.50
Monthly Trendline Support 211.37
Parabolic System 209.65
50 Day Moving Average 209.61
Lower Bollinger Band 202.64
Yearly Trendline Support 201.80
Quarterly Trendline Support 187.48
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Pharmaceuticals 60
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 224.99
Low Date 06/04/2026
High 230.47
High Date 06/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 200.02
Low Date 05/08/2026
High 230.47
High Date 06/05/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 225.41
Support 211.37
Low 190.75
Low Date 04/29/2026
High 230.47
High Date 06/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 232.26
Support 187.48
High 244.81
High Date 10/01/2025
Low 190.75
Low Date 04/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 274.99
Support 201.80
Low 130.96
Low Date 06/28/2023
High 244.81
High Date 10/01/2025
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.