July 28, 2024, 2:54 PM ET, BY THOMAS KEE – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for ABBV

• Buy ABBV slightly above 173.62, target 186.22, stop loss @ 173.12 Details

The technical summary data tells us to buy ABBV near 173.62 with an upside target of 186.22. This data also tells us to set a stop loss at 173.12 to protect against excessive loss in case the stock starts to move against the trade. 173.62 is the first support level below 185.16, and as a rule, any test of support is a buy signal. In this case, if support 173.62 is tested, there would be a buy signal.

• Short ABBV slightly below 186.22, target 173.62, stop loss @ 186.76 Details

The technical summary data suggests a short of ABBV if it gets near 186.22 with a downside target of 173.62. However, we should have a stop loss at 186.76. 186.22 is the first resistance level above 185.16 and as per the rule, any test of resistance is a short signal. In this case, a short signal would exist if resistance 186.22 is tested.

Swing Trading Plans for ABBV

• Buy ABBV slightly above 186.22, target n/a, Stop Loss @ 185.68 Details

If 186.22 starts to rise, the technical summary data tells us to buy ABBV just above 186.22, with an upside target of n/a. The data also tells us to set a stop loss at 185.68 in case the stock turns against the trade. 186.22 is the first resistance level above 185.16, and as a rule, any break above resistance is a buy signal. In this case, 186.22, the initial resistance, would rise, so there would be a buy signal. Because this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short ABBV around 186.22, target price 185.09, stop loss @ 186.76. Details

The summary technical data suggests a short of ABBV if it tests 186.22 with a downside target of 185.09. However, we should have a stop loss at 186.76 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, if resistance, 186.22, is tested, there would be a short signal. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Day Trading Plans for ABBV

• Buy ABBV slightly above 186.22, target 188.57, stop loss @ 185.79 Details

If 186.22 starts to rise, the technical summary data tells us to buy ABBV just above 186.22, with an upside target of 188.57. The data also tells us to set a stop loss at 185.79 in case the stock turns against the trade. 186.22 is the first resistance level above 185.16, and as a rule, any break above the resistance is a buy signal. In this case, 186.22, the initial resistance, would rise, so there would be a buy signal. Because this plan is based on a break above the resistance, it is called a Long Resistance Plan.

• Short ABBV around 186.22, target price 185.09, stop loss @ 186.65. Details

The summary technical data suggests a short of ABBV if it tests 186.22 with a downside target of 185.09. However, we should have a stop loss at 186.65 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, if resistance, 186.22, is tested, there would be a short signal. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Check the timestamp on this data. Updated AI-generated signals for Abbvie Inc. (ABBV) available here: ABBV.

ABBV Reviews for July 28:

Term →	Near	Middle	Long
Judgement	Strong	Strong	Strong
P1	0	0	160.83
P2	183.76	178.16	173.62
P3	188.57	185.09	186.22

AI generated signals for ABBV

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This report is produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this particular report is to help you trade in Abbvie Inc. (NASDAQ: ABBV) and applies careful risk management.

Warning:

This is a static report, the data below was valid at the time of publication, but support and resistance levels for ABBV change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if ABBV is testing support buy signals, it is the surface and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or short, and support would accordingly be the downside target. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it also acts as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for ABBV, all of which are provided below the summary table.