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AbbVie Stock Forecast - Daily Balance Of Power

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ABBV -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Investors can use this prediction interface to forecast AbbVie historic stock prices and determine the direction of AbbVie future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of AbbVie historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of AbbVie systematic risks associated with finding meaningful patterns of AbbVie fundamentals over time. Please continue to Historical Fundamental Analysis of AbbVie to cross-verify your projections.
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On January 22, 2020 AbbVie had Daily Balance Of Power of (0.80). Balance of Power indicator (or BOP) measures the strength of AbbVie market sensitivity to bulls and bears. It estimates the ability of AbbVie buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring AbbVie Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
0.3229(0.80)
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AbbVie Trading Date Momentum

On January 23 2020 AbbVie was traded for  85.27  at the closing time. The top price for the day was 87.07  and the lowest listed price was  84.99 . The trading volume for the day was 12.1 M. The trading history from January 23, 2020 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.22% . The overall trading delta against the current closing price is 2.48% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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AbbVie Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for AbbVie and Bristol Myers Squibb. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Please continue to Historical Fundamental Analysis of AbbVie to cross-verify your projections. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.