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Uptrend SupportArchive
- 2/28/2025 -
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AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth positive week after 3 consecutive negative weeks for the AbbVie (ABBV). During the week, the ABBV gained 5.30 points, or 2.62%, and closed at 207.40 on Friday, February 28, 2025. Weekly volume was 8% above average.
ABBV is a member of Health Care Sector. Health Care is the second 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 207.70 on February 28, 2025. ABBV gained -76.74 points, or -58.60%, in 87 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 170.50 and resistance is at 223.68. 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 November 19, 2024 at 163.80 and reached 207.70 on February 28, 2025. ABBV gained -43.90 points, or -26.80%, in 14 weeks. Price is near the trend high.
 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. 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 7, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 11, 2025 at 188.30 and reached 207.70 on February 28, 2025. ABBV gained -19.40 points, or -10.30%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic or strongly overbought daily Relative Strength Index. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since January 27, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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