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Uptrend Broken SupportArchive
- 10/2/2026 -
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AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the AbbVie (ABBV). During the week, the ABBV gave back -1.52 points, or -0.58%, and closed at 262.82 on Friday, October 2, 2026. It was the worst weekly loss since August 28, 2026. Weekly volume was -28% below average.
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 269.39 on September 23, 2026. ABBV gained -138.43 points, or -105.70%, in 169 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 201.65 and resistance is at 289.42. 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 August 6, 2026 at 241.20 and reached 269.39 on September 23, 2026. ABBV gained -28.19 points, or -11.69%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 250.89 and resistance is at 270.10. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 23, 2026 at 269.39 and reached 257.87 on October 2, 2026. ABBV lost 11.52 points, or 4.28%, in 9 days. The price is now at the 42.97% 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 below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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