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Advanced TA SearchArchive - 5/17/2024 - Sign In to see current Signals. |
AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the AbbVie (ABBV). During the week, the ABBV gained 5.67 points, or 3.53%, and closed at 166.42 on Friday, May 17, 2024. It was the best weekly gain since January 5, 2024. Weekly volume was -20% below average. Long-term trend: [See ABBV long-term trend chart] A long-term uptrend had started on June 28, 2023 at 130.96 and reached 182.89 on March 12, 2024. ABBV gained -51.93 points, or -39.65%, in 36 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 142.61 and resistance is at 193.95. 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 March 12, 2024 at 182.89 and reached 157.65 on April 26, 2024. ABBV lost 25.24 points, or 13.80%, in 6 weeks. The price is now at the 34.75% retracement level. Weekly Technical Indicators: [See ABBV weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help. The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 26, 2024 at 157.65 and reached 166.46 on May 17, 2024. ABBV gained -8.81 points, or -5.59%, in 21 days. Price is near the trend high. Daily Technical Indicators: [See ABBV daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since May 3, 2024. This is an indication that the short-term trend is up. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.
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