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Agricultural Products Industry Stocks Technical Analysis - ABBVArchive
- 4/19/2024 -
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AbbVie (ABBV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the AbbVie (ABBV). During the week, the ABBV gained 4.13 points, or 2.54%, and closed at 166.41 on Friday, April 19, 2024. It was the best weekly gain since February 9, 2024. ABBV was trading at average weekly trading volume.
 Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on June 28, 2023 at 130.96 and reached 182.89 on March 12, 2024. ABBV gained -51.93 points, or -39.65%, in 36 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 141.57 and resistance is at 189.25. 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 9, 2023 at 135.85 and reached 182.89 on March 12, 2024. ABBV gained -47.04 points, or -34.63%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (185.82) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 below its signal line. Such crossover is considered a bearish signal. 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 12, 2024 at 160.00 and reached 167.44 on April 18, 2024. ABBV gained -7.44 points, or -4.65%, in 6 days. The price is now at the 13.84% retracement level.
Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily technical indicators are neutral. 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since February 20, 2024.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
3 |
| Industry |
Pharmaceuticals |
38 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
160.00 |
| Low Date |
04/12/2024 |
| High |
167.44 |
| High Date |
04/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
182.30 |
| High Date |
03/28/2024 |
| Low |
160.00 |
| Low Date |
04/12/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
182.89 |
| High Date |
03/12/2024 |
| Low |
160.00 |
| Low Date |
04/12/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
193.82 |
| Support |
185.82 |
| Low |
135.85 |
| Low Date |
11/09/2023 |
| High |
182.89 |
| High Date |
03/12/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
189.25 |
| Support |
141.57 |
| Low |
130.96 |
| Low Date |
06/28/2023 |
| High |
182.89 |
| High Date |
03/12/2024 |
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