1ABBV trade ideas
ABBV long ideaHi Traders!
Let's take a look at ABBV on the daily timeframe. The price has been forming the descending channel pattern for the last months. The price is at the downsloping resistance line right now. We expect the price to fall from here down to the downsloping support line and bounce up from the strong horizontal support. We would enter long when the price reach the support.
What do you think? Let us know in the comments!
Abbvie Inc. (ABBV): Financial & Competitive AnalysisAbout Abbvie:
Abbvie Inc. (NYSE: ABBV) stands as a prominent player in the pharmaceutical industry, known for its diverse product portfolio and strategic market positioning. This analysis delves into AbbVie's financial health, growth projections, and its competitive landscape.
Financial Highlights:
With a robust revenue of $58.054 billion in 2022 and a consistent increase in gross profit, AbbVie showcases financial strength. The company maintains strong operational cash flows, indicating efficient management.
Growth Projections:
Over the next three years, AbbVie is expected to see a compounded annual growth rate (CAGR) of approximately 6-8%. This projection is based on the company's ongoing product development and market expansion strategies.
Competitive Positioning:
Johnson & Johnson (JNJ): A diversified healthcare giant with a broader range of products.
Pfizer Inc. (PFE): Known for its innovative drugs and recent success in vaccines.
Merck & Co Inc (MRK): Strong in oncology and vaccines.
Eli Lilly and Co (LLY): A leader in diabetes and cancer treatments.
Conclusion:
AbbVie, with its focus on research and development in high-demand therapeutic areas, is well-positioned to compete effectively in the dynamic pharmaceutical industry. The expected growth and strong financials make it an attractive consideration for investors.
Disclaimer:
This analysis is for informational purposes and should not be considered investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
ABBVIE Short term buy signal.ABBV is on a bearish 1D technical outlook (RSI = 39.987, MACD = -1.990, ADX = 42.078) but is quite possibly forming a short term bottom as the 1D RSI rebounded from an oversold level (under 30.00), while the MACD is close to forming a Bullish Cross. Every time those two conditions were fulfilled simultaneously inside the 1 year Channel Down, the price was a buy. Go long and target a similar LH trendline to early 2023 (TP = 153.00).
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ABBV AbbVie Options Ahead of EarningsIf you haven`t bought the dip on ABBV here:
Then analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 147usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ABBV range 153-146ABBV is taking a nap
Above 153 we can see a bullish sentiment
Below 146 we can see a bearish trend
As I can see, there are more probability of going up
But, what do you think?
ABBV Long Entry We are in a bull flag, appropriate long entry would be at the bottom of the downward channel.
$ABBV: Huge reward to risk long entryNYSE:ABBV offers a very low risk daily trend signal entry, which can evolve into a weekly mean reversion move towards $153.80 by mid September or sooner.
Stop loss area should be a bit below the daily uptrend mode @ 135.35 (where buyers accumulated shares at between June 30th and July 13th), as this level should hold as support and prevent the stock from going much lower if retested.
Daily trend only anticipates a roughly 2 week long uptrend, but over time it might form new trend signals indicating continuation. If your original bottom entry at the reversal here is never stopped you could just let this run till mid September and land a huge reward to risk profit.
Best of luck!
Cheers,
Ivan Labrie.
ABBV AbbVie Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.46.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CUPI can't find a clear handle but I put a green line where I see the closest support level.
You may see a clear handle which is a level of support. Mid cup can also be a level of support.
Cup patterns use the depth of the cup to calculate targets.
No recommendation
$ABBV with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:ABBV after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
ABBVIE Any pull-back is a buy opportunity.AbbVie Inc. (ABBV) is having the strongest 1D candle since October 13 2022, hitting the 1D MA200 (orange trend-line) for the first time in almost three months. The long-term pattern is a Channel Down and this one is the bullish leg to a new Lower High.
The 1D RSI has breached into overbought (70.00>) territory so any pull-back is a buy, even on the current levels. Our medium-term target is the 0.786 Fibonacci retracement level (158.50) similar to what happened on the December 09 2022 High.
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ABBV looks good for me to buy now As it shown on the chart NYSE:ABBV it is a good zone to open a new position because it is trading near by a daily support
My Stop Loss 4 Hours close lower than the support zone 133$
What do you think about ABBV ?
ABBV - Possible supply zoneThis stock have a hard time.
Fundamental headwinds set -20% on the chart.
But now a consolidation seems to kick in.
If you like this long term, this could be a decent entry.
ABBV Breakout ImminentABBV looks poised to break out after finding Weekly/Monthly support. Targeting the 50 Moving Average on the Hourly Chart sitting at 140$ for a short term trade. Watching positive crossing of the CCI zero line for additional confirmation as it has been diverging for a while now.
ABBV more probable to go down first before reaching ATHThis idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of distribution ranges. We can a distribution ranges following schematic 2 for Wyckoff's distribution.
If we take count the ranges separately, this yields a potential reversal zone between 118.50 and 94.50 dollar per share.
Personally I am intend to buy if price reached 106.50 (mid point)
All other information is on the chart.
Good luck,
NQDecipher
ABBV: Approaching toward support zone [127.9/129.3]ABBV stock's price is approaching toward a support zone between 127.9 and 129.3 where a possible rebound toward 158.6 is expected.
Support zone= 127.9/129.3
Target=158.6
$ABBV with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:ABBV after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
How to Trade Three White SoldiersHow to trade three white soldiers patterns with entries and stop levels.
ABBVBreaking down out of the triangle at the 1.618 extension. Needs a hard reversal around this level or else price probably makes its way back down to $120s.
ABBV rejecting from cluster resistance 🥶we most likely dip to trend support/153 area or lower if we reject here.. longs could work over 168.50.. but i doubt that comes anytime soon..
boost and follow for more 💛
ABBV Long setupLooking for an upswing soon, waiting on confirmation from my Algo to go cuz I don't know. KISS- Keep It Simple (Long) Support
ABBV AbbVie Options Ahead of EarningsAnalyzing the options chain of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-1-19
for a premium of approximately $6.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
