ABBVIE INC. - Daily - Technical analysis published on 08/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 189.71 USD
My targets
204.04 USD (+5.76%)
220.37 USD (+14.22%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ABBVIE INC. as long as the price remains well above 189.71 USD. The buyers' bullish objective is set at 204.04 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 220.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ABBVIE INC. rating is 192.93 USD. The price registered a decrease of -0.04% on the session with the lowest point at 191.29 USD and the highest point at 194.99 USD. The deviation from the price is +0.86% for the low point and -1.06% for the high point.191.29
194.99
192.93
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ABBVIE INC.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ABBVIE INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 171.30 | 178.76 | 189.71 | 192.93 |
| Change (%) | -11.21% | -7.34% | -1.67% | - |
| Change | -21.63 | -14.17 | -3.22 | - |
| Level | Major | Major | Minor | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 188.32 | 189.39 | 191.20 | 192.27 | 194.08 | 195.15 | 196.96 |
| Camarilla | 192.21 | 192.47 | 192.74 | 193.00 | 193.26 | 193.53 | 193.79 |
| Woodie | 188.68 | 189.58 | 191.56 | 192.46 | 194.44 | 195.34 | 197.32 |
| Fibonacci | 189.39 | 190.49 | 191.17 | 192.27 | 193.37 | 194.05 | 195.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.01 | 180.02 | 184.98 | 187.99 | 192.95 | 195.96 | 200.92 |
| Camarilla | 187.74 | 188.47 | 189.20 | 189.93 | 190.66 | 191.39 | 192.12 |
| Woodie | 177.98 | 180.51 | 185.95 | 188.48 | 193.92 | 196.45 | 201.89 |
| Fibonacci | 180.02 | 183.07 | 184.95 | 187.99 | 191.04 | 192.92 | 195.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.30 | 152.66 | 168.99 | 178.35 | 194.68 | 204.04 | 220.37 |
| Camarilla | 178.26 | 180.61 | 182.97 | 185.32 | 187.68 | 190.03 | 192.39 |
| Woodie | 146.79 | 154.40 | 172.48 | 180.09 | 198.17 | 205.78 | 223.86 |
| Fibonacci | 152.66 | 162.47 | 168.54 | 178.35 | 188.16 | 194.23 | 204.04 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.26 | |
| MACD (12,26,9): | 5.4800 | |
| Directional Movement: | 22.91 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 192.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 188.69 | |
| Elder Ray (13): | 4.99 | |
| Super Trend (3,10): | 180.85 | |
| Zig ZAG (10): | 192.71 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 88.53 | |
| TEMA (21): | 194.28 | |
| Williams %R (14): | -15.49 | |
| Chande Momentum Oscillator (20): | 6.02 | |
| Repulse (5,40,3): | 0.8500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 12.77 |
| MA7: | 190.72 | |
| MA20: | 185.03 | |
| MA50: | 174.72 | |
| MA100: | 169.14 | |
| MAexp7: | 190.70 | |
| MAexp20: | 185.26 | |
| MAexp50: | 177.33 | |
| MAexp100: | 171.64 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +4.27% | |
| Price / MA50: | +10.42% | |
| Price / MA100: | +14.07% | |
| Price / MAexp7: | +1.15% | |
| Price / MAexp20: | +4.12% | |
| Price / MAexp50: | +8.78% | |
| Price / MAexp100: | +12.39% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ABBVIE INC.. At the time of publication of this analysis, the latest news was as follows:
- AbbVie Completes Acquisition of Cerevel Therapeutics
- Allergan Aesthetics Celebrates the Second Annual JUVÉDERM® Day
- AbbVie Announces European Commission Approval of SKYRIZI® (risankizumab) for the Treatment of Adults with Moderately to Severely Active Ulcerative Colitis
- AbbVie Reports Second-Quarter 2024 Financial Results
- AbbVie Submits Regulatory Applications to FDA and EMA for Upadacitinib (RINVOQ®) in Giant Cell Arteritis
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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