ABBVIE INC (ABBV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ABBV - US00287Y1091 - Common Stock
We assign a technical rating of 5 out of 10 to ABBV. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
ABBV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
180.92
4 important support areas can be observed.
- Support @222.22 from a trend line in the daily time frame.
- Support @218.03 from a horizontal line in the weekly time frame.
- A support zone ranging from 209.79 to 212.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @182.75 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 223.58 to 232.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @236.29 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ABBV is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABBV is down. |
| ChartMill Relative Strength | 81.17 | POSITIVE | ABBV has a high relative strength, it outperformed 81.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABBV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABBV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABBV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.89 | NEUTRAL | The RSI value for ABBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests ABBV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.23 | NEUTRAL | The Stochastics value for ABBV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for ABBV suggests some volalility. |
| Average Directional Index/ADX (14) | 15.1 | NEGATIVE | The low ADX value for ABBV suggests a weak or negative trend. |
223.32
-0.66 (-0.29%)
ABBVIE INC / ABBV FAQ
Can you provide the ChartMill technical rating for ABBVIE INC?
ChartMill assigns a technical rating of 5 / 10 to ABBV.
Can you provide the trend direction for ABBVIE INC?
The current trend direction for ABBVIE INC (ABBV) is Bullish.
Can you provide the RSI signal for ABBVIE INC?
ABBVIE INC (ABBV) has an RSI value of 44.8948. This indicates that the stock is currently neutral.
What is the short term momentum for ABBVIE INC (ABBV) stock?
The short term momentum for ABBVIE INC (ABBV) is negative.
What is the support and resistance level for ABBV stock?
ABBVIE INC (ABBV) has a support level at 222.22 and a resistance level at 223.58. Check the full technical report for our detailed analysis of ABBV support and resistance levels.