ABBVIE INC. Stock Forecast
ABBVIE INC. stock price up 0.282% on Friday
(Updated on May 10, 2024)
The ABBVIE INC. stock price gained 0.282% on the last trading day (Friday, 10th May 2024), rising from 149.20€ to 149.62€. During the last trading day the stock fluctuated 0.659% from a day low at 148.78€ to a day high of 149.76€. The price has fallen in 6 of the last 10 days and is down by -3.89% for this period. Volume fell on the last day by -41 shares and in total, 411 shares were bought and sold for approximately 61.49€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.92% during the next 3 months and, with a 90% probability hold a price between 133.66€ and 146.25€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4AB.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.538%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ABBVIE INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 149.92€ and 156.68€. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ABBVIE INC. stock
ABBVIE INC. finds support from accumulated volume at 149.42€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.98€ between high and low, or 0.659%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4AB.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect ABBVIE INC. to open at 149.39€, and during the day (based on 14 day Average True Range), to move between 147.09€ and 152.15€, which gives a possible trading interval of +/-2.53€ (+/-1.69%) up or down from last closing price. If ABBVIE INC. takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 149.42€ (0.13%) than the resistance at 153.62€ (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ABBVIE INC. stock A Buy?
ABBVIE INC. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.207 Sell Candidate Unchanged
Predicted Opening Price for ABBVIE INC. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 149.39€ ( 0.156%) | 149.62€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4AB.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.37 | 0.499 % | |
| R2 | 149.99 | 0.249 % | ||
| R1 | 149.76 | 0.0943 % | ||
| Current price: | 149.62 | |||
| Support | S1 | 149.01 | -0.406 % | |
| S2 | 148.78 | -0.561 % | ||
| S3 | 148.41 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.20 | 9.08 % | |
| R2 | 157.00 | 4.93 % | ||
| R1 | 153.62 | 2.67 % | ||
| Current price | 149.62 | |||
| Support | S1 | 149.42 | -0.134% | |
| S2 | 148.88 | -0.495% | ||
| S3 | 148.82 | -0.535% |
4AB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | May 15, 2024 | 1.44€ | 0.96% |
| 2 | Jan 15, 2024 | Jan 15, 2024 | Jan 15, 2024 | 0€ | 0% |
| 3 | Jan 12, 2024 | Jan 12, 2024 | Jan 12, 2024 | 0€ | 0% |
| 4 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | 1.48€ | 1.24% |
| 5 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | 1.48€ | 1.01% |
FAQ
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