The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Below
Price vs. 20 Day Moving Average:Above
Number of records: 4
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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AbbVie (ABBV)

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Summary:
Weekly :Weekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the AbbVie (ABBV). During the week, the ABBV gave back -0.73 points, or -0.62%, and closed at 116.24 on Friday, November 19, 2021. Weekly volume was -40% below average.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 62.55 and reached 121.53 on September 1, 2021. ABBV gained -58.98 points, or -94.29%, in 75 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 107.82 and resistance is at 125.52. 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 long-term trend.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on September 1, 2021 at 121.53 and reached 105.56 on September 20, 2021. ABBV lost 15.97 points, or 13.14%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (108.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ABBV may retest the broken resistance line. It is considered to be a support line now. 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 technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 November 18, 2021 at 118.37 and reached 115.86 on November 19, 2021. ABBV lost 2.51 points, or 2.12%, in 1 days. The price is now at the 15.14% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.81
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 53.83
Greed/Fear Indicator (GFI) 68.22
Moving Average Converg./Diverg. (MACD) 1.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.64
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 60.63
Greed/Fear Indicator (GFI) 60.91
Moving Average Converg./Diverg. (MACD) 0.65
Trading Signals
Description Value Chart
Yearly Trendline Resistance 125.52
Upper Bollinger Band 121.13
Parabolic System 118.49
Daily Stochastic Crossing 116.95
Price 116.24
Weekly Stochastic Crossing 115.10
20 Day Moving Average 114.99
50 Day Moving Average 110.98
Lower Bollinger Band 108.78
Quarterly Trendline Support 108.28
Yearly Trendline Support 107.82
Quarterly Trendline Resistance 99.71
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Pharmaceuticals 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 118.37
High Date 11/18/2021
Low 115.86
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.86
Low Date 10/19/2021
High 118.37
High Date 11/18/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.56
Low Date 09/20/2021
High 118.37
High Date 11/18/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 99.71
Support 108.28
High 121.53
High Date 09/01/2021
Low 105.56
Low Date 09/20/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 125.52
Support 107.82
Low 62.55
Low Date 03/23/2020
High 121.53
High Date 09/01/2021
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.

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