The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken 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 Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 1/30/2026 -
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AbbVie (ABBV) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a second positive week after 3 consecutive negative weeks for the AbbVie (ABBV). During the week, the ABBV gained 3.75 points, or 1.71%, and closed at 223.01 on Friday, January 30, 2026. ABBV was trading at average weekly trading volume.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on June 28, 2023 at 130.96 and reached 244.81 on October 1, 2025. ABBV gained -113.85 points, or -86.93%, in 118 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 193.25 and resistance is at 259.69. 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 downtrend had started on October 1, 2025 at 244.81 and reached 209.96 on January 20, 2026. ABBV lost 34.85 points, or 14.24%, in 15 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 5, 2025. This is an indication that the medium-term trend is down. 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 January 20, 2026 at 209.96 and reached 226.86 on January 27, 2026. ABBV gained -16.90 points, or -8.05%, in 7 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.01
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 70.84
Greed/Fear Indicator (GFI) 54.94
Moving Average Converg./Diverg. (MACD) -1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.55
Williams' Percentage Range (W%R) 66.80
Lane's Stochastic (%D-Slow) 39.65
Greed/Fear Indicator (GFI) 42.13
Moving Average Converg./Diverg. (MACD) 7.11
Trading Signals
Description Value Chart
Yearly Trendline Resistance 259.69
Upper Bollinger Band 230.45
50 Day Moving Average 225.04
Price 223.01
Daily Stochastic Crossing 222.02
20 Day Moving Average 220.96
Weekly Stochastic Crossing 218.94
Lower Bollinger Band 212.36
Parabolic System 210.76
Yearly Trendline Support 193.25
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Pharmaceuticals 52
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 209.96
Low Date 01/20/2026
High 226.86
High Date 01/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 237.04
High Date 01/07/2026
Low 209.96
Low Date 01/20/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 239.29
High Date 11/13/2025
Low 209.96
Low Date 01/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 244.81
High Date 10/01/2025
Low 209.96
Low Date 01/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 259.69
Support 193.25
Low 130.96
Low Date 06/28/2023
High 244.81
High Date 10/01/2025
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.