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Pharmaceuticals Industry Stocks Technical Analysis - ABBV

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- 10/16/2026 -
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AbbVie (ABBV) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 291.18
Daily :Lane's Stochastic is overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergence
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It was a second consecutive positive week for the AbbVie (ABBV). During the week, the ABBV gained 8.95 points, or 3.24%, and closed at 285.42 on Friday, October 16, 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 291.40 on October 15, 2026. ABBV gained -160.44 points, or -122.51%, in 172 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (291.18). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 6, 2026 at 241.20 and reached 291.40 on October 15, 2026. ABBV gained -50.20 points, or -20.81%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (260.41) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range 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. 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 October 2, 2026 at 257.87 and reached 291.40 on October 15, 2026. ABBV gained -33.53 points, or -13.00%, in 13 days. The price is now at the 17.83% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.02
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 82.33
Overbought Bearish
Greed/Fear Indicator (GFI) 76.71
Moving Average Converg./Diverg. (MACD) 4.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.71
Bearish
Williams' Percentage Range (W%R) 9.40
Strong Overbought
Lane's Stochastic (%D-Slow) 85.05
Overbought Bearish
Greed/Fear Indicator (GFI) 78.04
Moving Average Converg./Diverg. (MACD) 10.73 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 291.18
Upper Bollinger Band 287.27
Daily Stochastic Crossing 285.77
Price 285.42
Weekly Stochastic Crossing 284.93
Parabolic System 274.64
Monthly Trendline Resistance 271.11
20 Day Moving Average 269.93
50 Day Moving Average 262.45
Monthly Trendline Support 260.41
Lower Bollinger Band 255.82
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Pharmaceuticals 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 257.87
Low Date 10/02/2026
High 291.40
High Date 10/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 257.87
Low Date 10/02/2026
High 291.40
High Date 10/15/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 271.11
Support 260.41
Low 241.20
Low Date 08/06/2026
High 291.40
High Date 10/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 190.75
Low Date 04/29/2026
High 291.40
High Date 10/15/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 291.18
Support 202.51
Low 130.96
Low Date 06/28/2023
High 291.40
High Date 10/15/2026
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.