ABBVIE INC. - 1H - Technical analysis published on 11/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 140.50 USD
My targets
137.85 USD (-0.53%)
136.40 USD (-1.57%)
My analysis
The bearish basic trend is very strong on ABBVIE INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 140.50 USD. Crossing the first support at 137.85 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 136.40 USD as an objective. Crossing it would then enable sellers to target 131.06 USD. Caution, a return to above the resistance located at 140.50 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
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
ABBVIE INC. rating 138.58 USD. On the day, this instrument lost -0.01% and was traded between 137.43 USD and 139.16 USD over the period. The price is currently at +0.84% from its lowest and -0.42% from its highest.137.43
139.16
138.58
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ABBVIE INC. in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 : 1 hour
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 | 131.06 | 136.40 | 137.85 | 138.58 | 140.50 | 143.91 | 145.61 |
| Change (%) | -5.43% | -1.57% | -0.53% | - | +1.39% | +3.85% | +5.07% |
| Change | -7.52 | -2.18 | -0.73 | - | +1.92 | +5.33 | +7.03 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 133.91 | 135.16 | 136.87 | 138.12 | 139.83 | 141.08 | 142.79 |
| Camarilla | 137.78 | 138.05 | 138.32 | 138.59 | 138.86 | 139.13 | 139.40 |
| Woodie | 134.15 | 135.28 | 137.11 | 138.24 | 140.07 | 141.20 | 143.03 |
| Fibonacci | 135.16 | 136.29 | 136.99 | 138.12 | 139.25 | 139.95 | 141.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.97 | 131.41 | 135.00 | 139.44 | 143.03 | 147.47 | 151.06 |
| Camarilla | 136.38 | 137.12 | 137.85 | 138.59 | 139.33 | 140.06 | 140.80 |
| Woodie | 126.55 | 131.20 | 134.58 | 139.23 | 142.61 | 147.26 | 150.64 |
| Fibonacci | 131.41 | 134.48 | 136.37 | 139.44 | 142.51 | 144.40 | 147.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.30 | 128.17 | 134.67 | 142.54 | 149.04 | 156.91 | 163.41 |
| Camarilla | 137.23 | 138.55 | 139.86 | 141.18 | 142.50 | 143.82 | 145.13 |
| Woodie | 119.63 | 127.83 | 134.00 | 142.20 | 148.37 | 156.57 | 162.74 |
| Fibonacci | 128.17 | 133.66 | 137.05 | 142.54 | 148.03 | 151.42 | 156.91 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.22 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | 0.44 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 137.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 136.17 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 139.81 | |
| Zig ZAG (10): | 138.51 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 78.18 | |
| TEMA (21): | 138.12 | |
| Williams %R (14): | -27.87 | |
| Chande Momentum Oscillator (20): | 0.77 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.23 |
| MA7: | 140.29 | |
| MA20: | 143.07 | |
| MA50: | 147.33 | |
| MA100: | 145.25 | |
| MAexp7: | 138.54 | |
| MAexp20: | 138.70 | |
| MAexp50: | 139.94 | |
| MAexp100: | 141.59 | |
| Price / MA7: | -1.22% | |
| Price / MA20: | -3.14% | |
| Price / MA50: | -5.94% | |
| Price / MA100: | -4.59% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -2.13% |
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:
- Natrelle® Unveils New "For Every BODY" Campaign
- BOTOX® Cosmetic (onabotulinumtoxinA) Day is Back Like Never Before
- BioMed X and AbbVie Start New Research Project in the USA
- AbbVie Reports Third-Quarter 2023 Financial Results
- Allergan Aesthetics Announces Positive Topline Results from Two Pivotal Phase 3 Studies of TrenibotulinumtoxinE (BoNT/E) for the Treatment of Glabellar Lines
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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