The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 4/17/2025 -
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AbbVie (ABBV) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 173.69Trend support at 174.39
Daily :Williams' Percentage Range is oversoldThe period of high volatility of the stock price
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It was the negative week for the AbbVie (ABBV). During the week, the ABBV dropped -2.11 points, or -1.21%, and closed at 172.99 on Thursday, April 17, 2025. Weekly volume was 51% above average.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on June 28, 2023 at 130.96 and reached 218.70 on March 10, 2025. ABBV gained -87.74 points, or -67.00%, in 88 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (173.69) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term uptrend had started on November 19, 2024 at 163.80 and reached 218.70 on March 10, 2025. ABBV gained -54.90 points, or -33.52%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (174.39) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 April 4, 2025. 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 April 15, 2025 at 180.50 and reached 169.75 on April 16, 2025. ABBV lost 10.75 points, or 5.96%, in 1 days. The price is now at the 30.14% retracement level.

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.

The daily MACD line is below its signal line since March 12, 2025. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 193.66% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.66
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 27.43
Greed/Fear Indicator (GFI) 22.65
Moving Average Converg./Diverg. (MACD) -6.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.78
Williams' Percentage Range (W%R) 84.90
Oversold
Lane's Stochastic (%D-Slow) 54.12
Greed/Fear Indicator (GFI) 40.12
Moving Average Converg./Diverg. (MACD) 4.75
Trading Signals
Description Value Chart
Upper Bollinger Band 216.83
50 Day Moving Average 199.42
20 Day Moving Average 191.57
Weekly Stochastic Crossing 189.11
Parabolic System 183.30
Quarterly Trendline Support 174.39
Yearly Trendline Support 173.69
Price 172.99
Daily Stochastic Crossing 171.29
Lower Bollinger Band 159.56
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Pharmaceuticals 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 180.50
High Date 04/15/2025
Low 169.75
Low Date 04/16/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.50
High Date 04/15/2025
Low 169.75
Low Date 04/16/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 218.70
High Date 03/10/2025
Low 164.40
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 233.16
Support 174.39
Low 163.80
Low Date 11/19/2024
High 218.70
High Date 03/10/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 229.96
Support 173.69
Low 130.96
Low Date 06/28/2023
High 218.70
High Date 03/10/2025
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.