ABBV Weekly Technical Analysis
AbbVie Inc.
Biopharmaceutical company focused on immunology, oncology, aesthetics, and neuroscience; best known for Humira and newer drugs like Skyrizi and Rinvoq.
ABBV Technical Analysis Summary
ABBV is currently experiencing a swift and aggressive short-term correction following a powerful multi-month rally to new all-time highs. Technicals indicate strong immediate downward momentum, having sliced through the 20-week moving average. However, the broader multi-year trend remains firmly bullish. Long-term investors should monitor the 208-215 zone, where the 50-week SMA lies, as a key area where this pullback may find meaningful support and attempt to establish a higher low within the macro uptrend.
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ABBV Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The price has suffered a sharp, impulsive decline from recent all-time highs, breaking decisively below the 20-week SMA with a large bearish candle. This is confirmed by a bearish MACD crossover and expanding negative histogram.
Long-term Sentiment (weeks to months): Bullish
Despite the current sharp pullback, the long-term structure remains an intact uptrend. The price is significantly above rising 50-week and 200-week SMAs, continuing a pattern of higher structural highs and lows over the multi-year period.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:34:35.800Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $211.50 | $208.00 - $215.00 | Strong | Convergence of the rising 50-week SMA (currently ~208.74) and prior minor swing lows/consolidation area from early in the recent leg up. |
| $172.50 | $170.00 - $175.00 | Strong | Major structural support zone. This was a significant multi-year resistance level that was broken out of and should now act as massive underlying support. The 200-week SMA is also currently in this vicinity. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $237.50 | $235.00 - $240.00 | Strong | Immediate overhead resistance. This zone encompasses the recently broken 20-week SMA and the lower boundary of the consolidation pattern that formed just before the current breakdown. |
| $247.50 | $245.00 - $250.00 | Strong | The recent all-time high peak area, representing the ultimate upside resistance to clear for trend continuation. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Reversal / Mean Reversion | Bearish | N/A | After a parabolic, extended run-up above the upper Bollinger Band, the price has formed a sharp V-top style reversal, rapidly mean-reverting back through the 20-week moving average. |
Frequently Asked Questions about ABBV
What is the current sentiment for ABBV?
The short-term sentiment for ABBV is currently Bearish because The price has suffered a sharp, impulsive decline from recent all-time highs, breaking decisively below the 20-week SMA with a large bearish candle. This is confirmed by a bearish MACD crossover and expanding negative histogram.. The long-term trend is classified as Bullish.
What are the key support levels for ABBV?
StockDips.AI has identified key support levels for ABBV at $211.50 and $172.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is ABBV in a significant dip or a Value Dip right now?
ABBV has a Value Score of 54/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.