ABBVIE INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ABBV
ISIN:

ABBVIE INC. - Daily - Technical analysis published on 11/01/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 112.62 USD

My targets

117.21 USD (+2.22%)

120.78 USD (+5.33%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on ABBVIE INC.. This is a positive signal for buyers. As long as the price remains above 112.62 USD, a purchase could be considered. The first bullish objective is located at 117.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 120.78 USD as an objective. Crossing it would then enable buyers to target 123.21 USD. In the event of a return below 112.62 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ABBVIE INC. rating 114.67 USD. The price registered an increase of +4.56% on the session and was between 111.42 USD and 114.92 USD. This implies that the price is at +2.92% from its lowest and at -0.22% from its highest.

111.42

114.92

114.67

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ABBVIE INC. chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	108.63	110.85	112.62	114.67	117.21	120.78	123.21
Change (%)	-5.27%	-3.33%	-1.79%	-	+2.22%	+5.33%	+7.45%
Change	-6.04	-3.82	-2.05	-	+2.54	+6.11	+8.54
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	108.92	110.17	112.42	113.67	115.92	117.17	119.42
Camarilla	113.71	114.03	114.35	114.67	114.99	115.31	115.63
Woodie	109.42	110.42	112.92	113.92	116.42	117.42	119.92
Fibonacci	110.17	111.51	112.33	113.67	115.01	115.83	117.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.80	105.28	109.97	112.45	117.14	119.62	124.31
Camarilla	112.70	113.36	114.01	114.67	115.33	115.99	116.64
Woodie	103.92	105.83	111.09	113.00	118.26	120.17	125.43
Fibonacci	105.28	108.02	109.71	112.45	115.19	116.88	119.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.79	94.55	100.56	110.32	116.33	126.09	132.10
Camarilla	102.24	103.69	105.13	106.58	108.03	109.47	110.92
Woodie	82.93	93.61	98.70	109.38	114.47	125.15	130.24
Fibonacci	94.55	100.57	104.29	110.32	116.34	120.06	126.09

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):	68.32
MACD (12,26,9):	0.5600
Directional Movement:	16.78
AROON (14):	85.71
DEMA (21):	109.53
Parabolic SAR (0,02-0,02-0,2):	106.00
Elder Ray (13):	3.66
Super Trend (3,10):	107.23
Zig ZAG (10):	114.67
VORTEX (21):	1.0400
Stochastique (14,3,5):	76.96
TEMA (21):	110.75
Williams %R (14):	-3.04
Chande Momentum Oscillator (20):	7.44
Repulse (5,40,3):	4.1100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.73

MA7:	109.80
MA20:	108.84
MA50:	109.57
MA100:	111.76
MAexp7:	110.35
MAexp20:	109.12
MAexp50:	109.57
MAexp100:	109.88
Price / MA7:	+4.44%
Price / MA20:	+5.36%
Price / MA50:	+4.65%
Price / MA100:	+2.60%
Price / MAexp7:	+3.91%
Price / MAexp20:	+5.09%
Price / MAexp50:	+4.65%
Price / MAexp100:	+4.36%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on ABBVIE INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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