Symbol: **
|
|
|
|
Symbol Lookup |
|
View Technical Chart |
|
Add to Watch List |
|
Candlestick Patterns - N/A |
|
Stock
Technical Indicators |
|
Stock Trends Analysis |
|
Market Sector Rank |
|
Stock Trading
Signals |
|
Williams' Percentage Range (W%R) |
Williams' %R is an effective momentum indicator that measures
overbought/oversold levels. Like other indicators, W%R ranges between 0% and
100% , but in opposite to the other indicators, the 0% indicating overbought and
100% - the oversold stocks. W%R measures the closing price in relation to the recent
low/high range. A bullish signal is generated when the W%R has reached 100,
five time bars have elapsed, and the W%R has subsequently fallen to 95. A
reverse signal is considered as bearish. For the sake of simplicity, the W%R
closed above 10% is considered bearish and below 90% - bullish. In trending
markets, the W%R stays at one end of the scale and gives false signals to
trade against the trend. That is why W%R is not considered a stand-along
technique, and it is essential to use it with some sort of trend formation
indicators. The divergence between price and W%R rarely occurs and presents an
important buy/sell signal. As our research shows, the W%R move to upper or lower
bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.
|
|
|
|
|
|
Advanced TA SearchArchive - 4/26/2024 - Sign In to see current Signals. |
AbbVie (ABBV) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the AbbVie (ABBV). During the week, the ABBV dropped -6.79 points, or -4.08%, and closed at 159.62 on Friday, April 26, 2024. Weekly volume was 15% above average. ABBV is a member of Health Care Sector. Health Care is the second 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 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 141.83 and resistance is at 190.42. 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 7.81% 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 April 12, 2024. 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 April 23, 2024 at 170.37 and reached 157.65 on April 26, 2024. ABBV lost 12.72 points, or 7.47%, in 3 days. The price is now at the 15.49% retracement level. Daily Technical Indicators: [See ABBV daily technical indicators chart] Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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. The daily MACD line is below its signal line since April 25, 2024. 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.
| |
|
|