AbbVie may fall to 175.30 - 177.90

193 is our pivot point.

Our preference

The downside prevails as long as 193 is resistance.

Alternative scenario

Above 193, look for 197.5 and 200.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 193.2155 and 194.2466). Finally, AbbVie is trading below its lower daily Bollinger band (standing at 187.33).

Supports and resistances

200.2 **

197.5 *

193 **

191.1

186.54 (USD-last)

180.5

177.9 **

175.3 *

172.5 **

Number of asterisks represents the strength of support and resistance levels.