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Pharmaceuticals Industry Stocks Technical Analysis - ABBVArchive
- 11/8/2024 -
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AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the AbbVie (ABBV). During the week, the ABBV dropped -4.10 points, or -2.01%, and closed at 199.50 on Friday, November 8, 2024. ABBV was trading at average weekly trading volume.
ABBV is a member of Health Care Sector. Health Care is the second most oversold 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 uptrend had started on June 28, 2023 at 130.96 and reached 207.30 on October 31, 2024. ABBV gained -76.34 points, or -58.29%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 163.72 and resistance is at 222.43. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See ABBV medium-term trend chart]
A medium-term uptrend had started on May 30, 2024 at 153.58 and reached 207.30 on October 31, 2024. ABBV gained -53.72 points, or -34.98%, in 22 weeks. The price is now at the 14.52% retracement level.
 Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 18, 2024. 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 downtrend had started on October 31, 2024 at 207.30 and reached 198.40 on November 5, 2024. ABBV lost 8.90 points, or 4.29%, in 5 days. The price is now at the 12.36% retracement level.
 Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 29, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
2 |
| Industry |
Pharmaceuticals |
17 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
207.30 |
| High Date |
10/31/2024 |
| Low |
198.40 |
| Low Date |
11/05/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
207.30 |
| High Date |
10/31/2024 |
| Low |
198.40 |
| Low Date |
11/05/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
185.89 |
| Low Date |
10/21/2024 |
| High |
207.30 |
| High Date |
10/31/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
153.58 |
| Low Date |
05/30/2024 |
| High |
207.30 |
| High Date |
10/31/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
222.43 |
| Support |
163.72 |
| Low |
130.96 |
| Low Date |
06/28/2023 |
| High |
207.30 |
| High Date |
10/31/2024 |
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