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AbbVie (ABBV) |
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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 dropped -4.01 points, or -2.61%, and closed at 149.59 on Friday, January 20, 2023. Weekly volume was 14% above 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 March 23, 2020 at 62.55 and reached 175.91 on April 8, 2022. ABBV gained -113.36 points, or -181.23%, in 106 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See ABBV medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 134.09 and reached 168.09 on January 6, 2023. ABBV gained -34.00 points, or -25.36%, in 14 weeks. The price is now at the 54.41% retracement level.
 Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 21, 2022. 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 January 6, 2023 at 168.09 and reached 147.15 on January 20, 2023. ABBV lost 20.94 points, or 12.46%, in 14 days. The price is now at the 11.65% retracement level.
 Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since December 13, 2022. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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