ABBVIE INC. - 1H - Technical analysis published on 12/23/2024 (GMT)
- 86
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
56%
11%
33%
My opinion
Neutral between 173.67 USD and 177.35 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 177.35 USD. The first support is located at 173.67 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by ABBVIE INC..
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
ABBVIE INC. rating 175.43 USD. On the day, this instrument lost -0.09% and was between 174.63 USD and 175.83 USD. This implies that the price is at +0.46% from its lowest and at -0.23% from its highest.174.63
175.83
175.43
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of ABBVIE INC. in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 resistance
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 164.99 | 169.80 | 173.67 | 175.43 | 177.35 | 183.06 | 191.37 |
| Change (%) | -5.95% | -3.21% | -1.00% | - | +1.09% | +4.35% | +9.09% |
| Change | -10.44 | -5.63 | -1.76 | - | +1.92 | +7.63 | +15.94 |
| Level | Major | Major | Major | - | 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 | 165.75 | 168.21 | 171.89 | 174.35 | 178.03 | 180.49 | 184.17 |
| Camarilla | 173.89 | 174.45 | 175.02 | 175.58 | 176.14 | 176.71 | 177.27 |
| Woodie | 166.37 | 168.52 | 172.51 | 174.66 | 178.65 | 180.80 | 184.79 |
| Fibonacci | 168.21 | 170.55 | 172.00 | 174.35 | 176.69 | 178.14 | 180.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.00 | 167.61 | 171.59 | 174.20 | 178.18 | 180.79 | 184.77 |
| Camarilla | 173.77 | 174.37 | 174.98 | 175.58 | 176.18 | 176.79 | 177.39 |
| Woodie | 165.70 | 167.95 | 172.29 | 174.54 | 178.88 | 181.13 | 185.47 |
| Fibonacci | 167.61 | 170.12 | 171.68 | 174.20 | 176.71 | 178.27 | 180.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.20 | 142.01 | 162.54 | 184.35 | 204.88 | 226.69 | 247.22 |
| Camarilla | 171.44 | 175.32 | 179.20 | 183.08 | 186.96 | 190.84 | 194.72 |
| Woodie | 119.57 | 141.69 | 161.91 | 184.03 | 204.25 | 226.37 | 246.59 |
| Fibonacci | 142.01 | 158.18 | 168.17 | 184.35 | 200.52 | 210.51 | 226.69 |
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): | 52.46 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 0.81 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 175.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 173.35 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 171.51 | |
| Zig ZAG (10): | 175.25 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 78.37 | |
| TEMA (21): | 175.53 | |
| Williams %R (14): | -27.36 | |
| Chande Momentum Oscillator (20): | 2.74 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.26 |
| MA7: | 173.66 | |
| MA20: | 176.61 | |
| MA50: | 182.36 | |
| MA100: | 187.39 | |
| MAexp7: | 175.24 | |
| MAexp20: | 174.58 | |
| MAexp50: | 174.48 | |
| MAexp100: | 175.56 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | -0.67% | |
| Price / MA50: | -3.80% | |
| Price / MA100: | -6.38% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | -0.07% |
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 to Acquire Nimble Therapeutics, Further Strengthening Immunology Pipeline
- AbbVie Completes Acquisition of Aliada Therapeutics
- Two Data Analyses From Clinical Trials Show Epcoritamab (DuoBody® CD3xCD20) Induces Durable Complete Reponses As Monotherapy and Combination Treatment in Patients With Diffuse Large B-Cell Lymphoma
- AbbVie Announces Positive Topline Results for the Phase 3 TEMPO-2 Trial Evaluating Tavapadon as a Monotherapy for Parkinson's Disease
- AbbVie Announces Emotional Impact Report on Mental Health of Underrepresented CLL Cancer Patients
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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