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Uptrend Broken SupportArchive
- 10/30/2026 -
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AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the AbbVie (ABBV). During the week, the ABBV gained 9.25 points, or 3.24%, and closed at 294.89 on Friday, October 30, 2026. Weekly volume was -29% 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 298.74 on October 30, 2026. ABBV gained -167.78 points, or -128.12%, in 174 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (292.94). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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 298.74 on October 30, 2026. ABBV gained -57.54 points, or -23.86%, in 12 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (264.48) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 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 June 5, 2026. This is an indication that the medium-term trend is up. 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 October 2, 2026 at 257.87 and reached 298.74 on October 30, 2026. ABBV gained -40.87 points, or -15.85%, in 28 days. The price is now at the 9.42% retracement level.
 Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since October 6, 2026. 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.
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.
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