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|It was a first positive week for the AbbVie (ABBV). During the week, the ABBV climbed 0.72 points, or 0.94%, and closed at 77.43 on Friday, June 7, 2019. Weekly volume was -14% below average. |
Long-term trend: [See ABBV long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 125.86 and reached 73.81 on June 3, 2019. ABBV lost 52.05 points, or 41.36%, in 70 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 69.35 and resistance is at 80.92. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on April 3, 2019 at 84.73 and reached 73.81 on June 3, 2019. ABBV lost 10.92 points, or 12.89%, in 8 weeks. The price is now at the 33.15% retracement level.
Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 29, 2019. The distance between MACD and the signal line is low and getting smaller. 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 June 3, 2019 at 73.81 and reached 78.38 on June 7, 2019. ABBV gained -4.57 points, or -6.19%, in 4 days. The price is now at the 20.79% retracement level.
Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 29, 2019. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (78.15) comes close to the price (77.43). 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.