The Greedy Trader Weekly Analysis
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Price vs. 20 Day Moving Average:Crossover
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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- 10/9/2020 -
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AbbVie (ABBV)

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal line
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It was a first positive week for the AbbVie (ABBV). During the week, the ABBV gained 1.58 points, or 1.83%, and closed at 87.70 on Friday, October 9, 2020. It was the best weekly gain since August 14, 2020. Weekly volume was -52% below average.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 62.55 and reached 101.28 on July 17, 2020. ABBV gained -38.73 points, or -61.92%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (105.63) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on July 17, 2020 at 101.28 and reached 85.32 on September 24, 2020. ABBV lost 15.96 points, or 15.76%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 83.54 and resistance is at 90.76. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 14, 2020. 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 uptrend had started on September 24, 2020 at 85.32 and reached 88.69 on October 9, 2020. ABBV gained -3.37 points, or -3.95%, in 15 days. The price is now at the 29.38% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily technical indicators are neutral.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.56
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 52.39
Greed/Fear Indicator (GFI) 42.78
Moving Average Converg./Diverg. (MACD) -1.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.64
Williams' Percentage Range (W%R) 86.90
Oversold
Lane's Stochastic (%D-Slow) 10.98
Oversold
Greed/Fear Indicator (GFI) 20.93
Moving Average Converg./Diverg. (MACD) 1.97
Trading Signals
Description Value Chart
50 Day Moving Average 91.39
Quarterly Trendline Resistance 91.38
Upper Bollinger Band 91.33
Monthly Trendline Resistance 90.76
20 Day Moving Average 87.94
Price 87.70
Daily Stochastic Crossing 87.17
Weekly Stochastic Crossing 86.71
Parabolic System 85.75
Lower Bollinger Band 85.22
Monthly Trendline Support 83.54
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Pharmaceuticals 16
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.32
Low Date 09/24/2020
High 88.69
High Date 10/09/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 97.42
High Date 08/19/2020
Low 85.32
Low Date 09/24/2020
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 90.76
Support 83.54
High 101.28
High Date 07/17/2020
Low 85.32
Low Date 09/24/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 91.38
Support 105.63
Low 62.55
Low Date 03/23/2020
High 101.28
High Date 07/17/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 125.86
High Date 01/26/2018
Low 62.55
Low Date 03/23/2020
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.

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