$ABBV AbbVie Inc Stock Robo Analyst October 31 2020 #ABBV

AbbVie Inc (ABBV) “On a long-term technical basis, the stock (ABBV) is trading below its 200-day moving average which generally implies it is in a negative trend.

The stock has support at 74.63 and 65.30. If the stock breaks down through support at 74.63 then it will probably continue lower to 65.30. The stock has resistance at 85.32 and 90.86. If the stock breaks up through resistance at 85.32 then it will probably continue higher to 90.86. The 200-day moving average is at 88.74. This will also act as resistance. The stock’s long-term uptrend has changed into a sideways or downtrend. In this case, the stock will either go sideways for a while or sell-off back to where it started prior to the latest big upmove. This is a risky time to buy the stock, so be careful. Wait for the trend to change to bullish before entering. Use caution during times like these, as the stock will be more volatile. Confirm with the TMTI Indicator, Short-Term and Immediate Outlook for help entering. The stock is extremely oversold according to the Stochastic Indicator (21.45), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”