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
- 4/25/2025 -
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AbbVie (ABBV) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was a first positive week after 6 consecutive negative weeks for the AbbVie (ABBV). During the week, the ABBV gained 13.11 points, or 7.58%, and closed at 186.10 on Friday, April 25, 2025. It was the best weekly gain since January 31, 2025. Weekly volume was 41% 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 trend support level is at 174.16 and resistance is at 230.88. 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 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 trend support level is at 174.92 and resistance is at 235.74. 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 medium-term trend.

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

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 uptrend had started on April 9, 2025 at 164.40 and reached 188.70 on April 25, 2025. ABBV gained -24.30 points, or -14.78%, in 16 days. The price is now at the 10.70% 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 distance between the Bollinger Bands is 139.64% 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) 49.16
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 67.62
Greed/Fear Indicator (GFI) 54.76
Moving Average Converg./Diverg. (MACD) -7.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.27
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 41.23
Greed/Fear Indicator (GFI) 45.44
Moving Average Converg./Diverg. (MACD) 4.23
Trading Signals
Description Value Chart
Upper Bollinger Band 210.26
Monthly Trendline Resistance 205.36
50 Day Moving Average 198.00
Price 186.10
20 Day Moving Average 184.72
Daily Stochastic Crossing 184.37
Weekly Stochastic Crossing 182.52
Quarterly Trendline Support 174.92
Yearly Trendline Support 174.16
Parabolic System 165.21
Monthly Trendline Support 162.33
Lower Bollinger Band 158.58
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Pharmaceuticals 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 168.54
Low Date 04/21/2025
High 188.70
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.40
Low Date 04/09/2025
High 188.70
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 205.36
Support 162.33
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 Valid
Resistance 235.74
Support 174.92
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 Valid
Resistance 230.88
Support 174.16
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.