Abbvie Inc Stock Technical Analysis

ABBV Stock  USD 178.49  0.61  0.34%   
As of the 19th of March, AbbVie shows the risk adjusted performance of 0.1793, and Mean Deviation of 0.6947. AbbVie Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed nineteen technical drivers for AbbVie Inc, which can be compared to its rivals. Please confirm AbbVie Inc coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if AbbVie Inc is priced correctly, providing market reflects its regular price of 178.49 per share. Given that AbbVie has jensen alpha of 0.1804, we suggest you to validate AbbVie Inc's prevailing market performance to make sure the company can sustain itself at a future point.

AbbVie Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AbbVie, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AbbVie
  
AbbVie's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

AbbVie Analyst Consensus

Target PriceAdvice# of Analysts
160.21Buy30Odds
AbbVie Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most AbbVie analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand AbbVie stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of AbbVie Inc, talking to its executives and customers, or listening to AbbVie conference calls.
AbbVie Analyst Advice Details
AbbVie technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of AbbVie technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AbbVie trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

AbbVie Inc Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of AbbVie Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

AbbVie Inc Trend Analysis

Use this graph to draw trend lines for AbbVie Inc. You can use it to identify possible trend reversals for AbbVie as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual AbbVie price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

AbbVie Best Fit Change Line

The following chart estimates an ordinary least squares regression model for AbbVie Inc applied against its price change over selected period. The best fit line has a slop of   0.51  , which means AbbVie Inc will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9966.23, which is the sum of squared deviations for the predicted AbbVie price change compared to its average price change.

About AbbVie Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of AbbVie Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of AbbVie Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on AbbVie Inc price pattern first instead of the macroeconomic environment surrounding AbbVie Inc. By analyzing AbbVie's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of AbbVie's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to AbbVie specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio20.8524.2856.559.33
Short Term Coverage Ratios1.826.033.185.75

AbbVie March 19, 2024 Technical Indicators

Most technical analysis of AbbVie help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for AbbVie from various momentum indicators to cycle indicators. When you analyze AbbVie charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

AbbVie March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as AbbVie stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether AbbVie Inc is a strong investment it is important to analyze AbbVie's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AbbVie's future performance. For an informed investment choice regarding AbbVie Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AbbVie Inc. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the AbbVie Inc information on this page should be used as a complementary analysis to other AbbVie's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for AbbVie Stock analysis

When running AbbVie's price analysis, check to measure AbbVie's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AbbVie is operating at the current time. Most of AbbVie's value examination focuses on studying past and present price action to predict the probability of AbbVie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AbbVie's price. Additionally, you may evaluate how the addition of AbbVie to your portfolios can decrease your overall portfolio volatility.
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Is AbbVie's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AbbVie. If investors know AbbVie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AbbVie listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.67)
Dividend Share
5.99
Earnings Share
2.72
Revenue Per Share
30.723
Quarterly Revenue Growth
(0.05)
The market value of AbbVie Inc is measured differently than its book value, which is the value of AbbVie that is recorded on the company's balance sheet. Investors also form their own opinion of AbbVie's value that differs from its market value or its book value, called intrinsic value, which is AbbVie's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AbbVie's market value can be influenced by many factors that don't directly affect AbbVie's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AbbVie's value and its price as these two are different measures arrived at by different means. Investors typically determine if AbbVie is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AbbVie's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.