ABBVIE INC. - Daily - Technical analysis published on 11/22/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 186.54 USD
My targets
163.52 USD (-8.45%)
157.16 USD (-12.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ABBVIE INC. as long as the price remains well below 186.54 USD. The sellers' bearish objective is set at 163.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 157.16 USD. In case of crossing, the next objective would be the support located at 151.93 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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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. price is 178.61 USD. The price has increased by +4.01% since the last closing with the lowest point at 173.50 USD and the highest point at 178.86 USD. The deviation from the price is +2.95% for the low point and -0.14% for the high point.173.50
178.86
178.61
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ABBVIE INC. in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 157.16 | 163.52 | 177.35 | 178.61 | 186.54 | 197.77 | 203.87 |
Change (%) | -12.01% | -8.45% | -0.71% | - | +4.44% | +10.73% | +14.14% |
Change | -21.45 | -15.09 | -1.26 | - | +7.93 | +19.16 | +25.26 |
Level | Minor | Intermediate | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 162.74 | 164.83 | 168.28 | 170.37 | 173.82 | 175.91 | 179.36 |
Camarilla | 170.21 | 170.71 | 171.22 | 171.73 | 172.24 | 172.75 | 173.25 |
Woodie | 163.42 | 165.17 | 168.96 | 170.71 | 174.50 | 176.25 | 180.04 |
Fibonacci | 164.83 | 166.95 | 168.25 | 170.37 | 172.49 | 173.79 | 175.91 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 146.43 | 155.58 | 160.28 | 169.43 | 174.13 | 183.28 | 187.98 |
Camarilla | 161.18 | 162.45 | 163.72 | 164.99 | 166.26 | 167.53 | 168.80 |
Woodie | 144.22 | 154.47 | 158.07 | 168.32 | 171.92 | 182.17 | 185.77 |
Fibonacci | 155.58 | 160.87 | 164.14 | 169.43 | 174.72 | 177.99 | 183.28 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 169.30 | 177.60 | 190.73 | 199.03 | 212.16 | 220.46 | 233.59 |
Camarilla | 197.98 | 199.94 | 201.91 | 203.87 | 205.83 | 207.80 | 209.76 |
Woodie | 171.73 | 178.81 | 193.16 | 200.24 | 214.59 | 221.67 | 236.02 |
Fibonacci | 177.60 | 185.78 | 190.84 | 199.03 | 207.21 | 212.27 | 220.46 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 45.22 | |
MACD (12,26,9): | -6.1700 | |
Directional Movement: | -6.26 | |
AROON (14): | -64.28 | |
DEMA (21): | 172.62 | |
Parabolic SAR (0,02-0,02-0,2): | 184.08 | |
Elder Ray (13): | -0.24 | |
Super Trend (3,10): | 180.13 | |
Zig ZAG (10): | 178.51 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 20.88 | |
TEMA (21): | 168.06 | |
Williams %R (14): | -65.39 | |
Chande Momentum Oscillator (20): | -22.77 | |
Repulse (5,40,3): | 5.2000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.3600 | |
Courbe Coppock: | 28.52 |
MA7: | 169.34 | |
MA20: | 184.63 | |
MA50: | 188.84 | |
MA100: | 186.71 | |
MAexp7: | 172.94 | |
MAexp20: | 179.91 | |
MAexp50: | 185.37 | |
MAexp100: | 183.76 | |
Price / MA7: | +5.47% | |
Price / MA20: | -3.26% | |
Price / MA50: | -5.42% | |
Price / MA100: | -4.34% | |
Price / MAexp7: | +3.28% | |
Price / MAexp20: | -0.72% | |
Price / MAexp50: | -3.65% | |
Price / MAexp100: | -2.80% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ABBVIE INC. at the time of the analysis were as follows:
- Allergan Aesthetics Offers Free Business Education Courses Online to Support Growing Practices with Allergan Aesthetics Products
- Aldeyra Therapeutics Announces FDA Acceptance for Review of Reproxalap New Drug Application for the Treatment of Dry Eye Disease, Expands AbbVie Option Agreement
- AbbVie Receives European Commission Approval of ELAHERE® (mirvetuximab soravtansine) for the Treatment of Platinum-Resistant Ovarian Cancer
- AbbVie Awards 20 Individuals Living With Migraine To Support Career Aspirations
- AbbVie Provides Update on Phase 2 Results for Emraclidine in Schizophrenia
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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