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Pharmaceuticals Industry Stocks Technical Analysis - ABBVArchive
- 8/7/2026 -
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AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the AbbVie (ABBV). During the week, the ABBV dropped -4.90 points, or -1.95%, and closed at 246.04 on Friday, August 7, 2026. ABBV was trading at average weekly trading volume.
ABBV is a member of Health Care Sector. Health Care 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 uptrend had started on June 28, 2023 at 130.96 and reached 267.47 on July 29, 2026. ABBV gained -136.51 points, or -104.24%, in 161 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 198.29 and resistance is at 282.56. 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 April 29, 2026 at 190.75 and reached 267.47 on July 29, 2026. ABBV gained -76.72 points, or -40.22%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (258.59) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ABBV may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since June 5, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 August 6, 2026 at 241.20 and reached 246.76 on August 7, 2026. ABBV gained -5.56 points, or -2.31%, in 1 days. The price is now at the 12.95% retracement level.
 Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since July 29, 2026. The distance between MACD and the signal line is relatively high and getting bigger.
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