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Archive
- 6/8/2018
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AbbVie |
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the AbbVie (ABBV). During the week, the ABBV gained 2.38 points, or 2.43%, and closed at 100.43 on Friday, June 08, 2018. ABBV was trading at average weekly trading volume.
 Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on October 28, 2016 at 55.06 and reached 125.86 on January 26, 2018. ABBV gained -70.80 points, or -128.59%, in 65 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 125.86 and reached 88.22 on April 3, 2018. ABBV lost 37.64 points, or 29.91%, in 9 weeks. The price is now at the 32.44% 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 March 16, 2018. 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 May 21, 2018 at 107.25 and reached 97.62 on June 4, 2018. ABBV lost 9.63 points, or 8.98%, in 14 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily 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 daily MACD line is below its signal line since May 24, 2018. 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.
A Parabolic SAR (stop and reversal) indicator (100.07) comes close to the price (100.43). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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