The Greedy Trader Weekly Analysis
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Price vs. 50 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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- 1/10/2020 -
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AbbVie (ABBV)

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Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the AbbVie (ABBV). During the week, the ABBV climbed 0.36 points, or 0.41%, and closed at 89.06 on Friday, January 10, 2020. Weekly volume was -35% below average.

ABBV is a member of Healthcare Sector. Healthcare is the most overbought 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 downtrend had started on January 26, 2018 at 125.86 and reached 62.66 on August 15, 2019. ABBV lost 63.20 points, or 50.21%, in 80 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (56.27) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 62.66 and reached 91.99 on December 20, 2019. ABBV gained -29.33 points, or -46.81%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (95.66) 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 medium-term trend.

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

The weekly MACD line is above its signal line since September 13, 2019. This is an indication that the medium-term trend is up. 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 December 31, 2019 at 87.88 and reached 90.29 on January 10, 2020. ABBV gained -2.41 points, or -2.74%, in 10 days. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 88.49 and resistance is at 89.72. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a short-term trend.

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

The daily MACD line is below its signal line since November 21, 2019. The distance between MACD and the signal line is low and getting smaller.

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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.74%) is close to one year low (3.30%). It is 72.89% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 51.65
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 58.58
Greed/Fear Indicator (GFI) 58.88
Moving Average Converg./Diverg. (MACD) 0.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.63
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 83.25
Overbought
Greed/Fear Indicator (GFI) 80.94
Overbought
Moving Average Converg./Diverg. (MACD) 2.46
Trading Signals
Description Value Chart
Quarterly Trendline Support 95.66
Quarterly Trendline Resistance 92.92
Weekly Stochastic Crossing 90.95
Upper Bollinger Band 90.04
Weekly Trendline Resistance 89.72
Daily Stochastic Crossing 89.32
20 Day Moving Average 89.25
Price 89.06
Weekly Trendline Support 88.49
Parabolic System 87.89
Lower Bollinger Band 87.58
50 Day Moving Average 87.15
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Major 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 88.26
Low Date 01/07/2020
High 90.29
High Date 01/10/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 89.72
Support 88.49
Low 87.88
Low Date 12/31/2019
High 90.29
High Date 01/10/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.99
High Date 12/20/2019
Low 87.88
Low Date 12/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 92.92
Support 95.66
Low 62.66
Low Date 08/15/2019
High 91.99
High Date 12/20/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 65.89
Support 56.27
High 125.86
High Date 01/26/2018
Low 62.66
Low Date 08/15/2019
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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