Question 1

What implications does the 10-day RSI indicator have for ABBV?

Accepted Answer

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 2

What does the Stochastic Oscillator suggest about ABBV's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

What does a 3-day price advance indicate for ABBV?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ABBV advanced for three days, in 227 of 375 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 4

What does a 3-day decline signify for ABBV's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ABBV declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 5

How does the Aroon Indicator reflect on ABBV's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 260 of 392 cases where ABBV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

ABBV Stock ABBVIE (ABBV, $155.34) RSI Indicator left the oversold zone on May 28, 2024

ABBV in +1.79% Uptrend, advancing for three consecutive days on August 19, 2024

General Information