AbbVie INC. (ABBV) downtrend price analysisNYSE:ABBV
Watching that short on NYSE:ABBV
Healthcare industry currently on a retracement.
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G.
TS: smartalphatrade
ABBV
ABBV - Letting it Come in for a Better EntryOne of my absolute favorite stocks for the next 3 years: ABBV. I'm letting it come down a bit before initiating a position. My model says that there is going to be heavy buying between 74 and 79 which is where I will start accumulation.
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ABBV ParabolicABBV has formed a parabolic uptrend, with the presence of a falling wedge, which has led to a major bullish breakout, however still within the parabolic trend range. MACD also indicates a reversal taking place.
ABBV Update: Came out nicelyI would close this trade at this point if I were swing trading. If you bought in in the green support area from august, it would have been about a 35-40% gain on this one.
ABBV 60%L 40%SWaiting for confirmation - trend break.
just my interpretation. (not advice)
hoping to go long. Target of 97.9
After a brutal 17 months, things looking up for ABBVReally nice reversal in ABBV over the past 2+ months. Rose through descending channel resistance AND ascending trendline resistance, then re-tested support and took off.
It's probably due for a breather, but I'd be a buyer if it re-tests support once more around $74.
Abbvie brakes 200SMA ABBV is currently breaking the 200sma, ending a 14 month downtrend.
On the next days I will be tracking the next tools:
OBV should trend higher to confirm this new uptrend. It still has not done that.
3 candlestick closes above the 200SMA would also be a confirmation signal.
ABBV long setupABBV’s innovation outlook is trending up based on a current score of 70 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is positive. ABBV is an Outperformer in terms of sustainability. It is most exposed to AstraZeneca PLC as its supplier. Over the past 4 quarters ABBV beat earnings estimates 3 times and it pays dividend higher than its peers.
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$ABBV Good stock but hold your cash.No need to catch the falling knife on $ABBV. Great dividend stock and a very big player. Still a nice entry if its your retirement fund stock.
ABBV brokeout and maintained to stay above VWAP (65.05): BUYDIPSLooks like we have a reversal forming. If ABBV maintains above 65.05 on a S&P down day buy every dip.
Positive pipeline and sales will push this to USD 80 fastChanging fundamentals for ABBV and oversold conditions make this an extremely favorable buy on risk vs. reward. Im in with 1500 shares
ABBV: Swing trade opportunityABBV took a sharp dip with the recent news, but at the end of the day, they will just grow bigger. From a technicial analysis stand point, ABBV remains ina decending wedge, even with the sharp decline in price. Lower risk entry would be confirmed brakeout above the wedge. I may be interested in a swing trade between the .786 and .382 fibs. This could potentially yield a 35-45% profit.
ABBVIE weekly reversal off supportAfter moving 40% down from ATH's has abbv found support on this slope support & 61.8% retrace?
4h levels show the channel structure in place. First test to upside comes at $82.5 which has been key pivot level.
ABBV Rally?Hopefully, my 5 years of technical analysis trading will help me be correct on this. If I'm lucky it will run to the gap and I'll sell my weekly calls at the red line for a massive profit.
ABBV consolidating with gap to fill higherWatching for ABBV to break this wedge and go higher to fill the gap from earnings.
ABBV shortABBV looks like a great setup
1W OB rejection
Consecutive LH's and LL's
About to fall off of the MA cloud
Targeting the green block
ABBV Be careful Potential Complete Zone of Cypher/SharkABBV Be careful Potential Complete Zone of Cypher/Shark
Market : ABBV
Time Frame: 1hr
Pattern Template : Cypher / Shark Pattern
Predicted Direction: Short
ABBV updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
ABBV - Potential Reversal coming 2019ABBV has been losing some value in their stock since January 2018.. Some trends we can see on the chart, are a couple fibonacci patterns, farthest on left is since the stock started, and closer on the right side is the latest dip on. The retrace has hit the long term 50% Fibonacci level and bounced off. Volume has been low, however.
We draw trend lines and see a falling wedge pattern developing. This will usually call for a reversal, and we can start to use a couple other indicators as well. We can use Fibonacci retrace levels to assume when downward trend may hit major resistance. We can draw in our Moving Averages for future glimpses, and also take a look at RSI for selling volume, as the stock price falls.
This is one I will be keeping my eye on, as we beak into 2019. I believe ABBV has good earnings potential, has a good dividend, and overall is a strong company. Being a Daily chart, we will be looking further down the road for this to play out. Smaller patterns will develop and play out before this may happen. Look for breakout of current trends to make any moves.
I marked this chart as SHORT (short term only). I find it confusing when making a LONG call on longer term charts, while knowing the stock price is still expected to dip short term.
Defense is favored atleast right now #ABBVAscending triangle breakout will be bullish for ABBV. Things going for ABBV have been lot of insider buying. If it breaks out, will add more
ABBV gapping upWe have been long ABBV for a while! The stock is gapping up today after the company announced a cash tender offer for up to $7.5B of its common stock at prices between $99 and 114 per share.
ABBV Daily - Short SetupABBV below 200 day sma, triggers short on horizontal support break around 88. Market permitting. Notes on chart. Looks vulnerable here.
