Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Abbvie stock price increased by 5.62% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>Abbvie Inc. ( NYSE: ABBV) stock’s 52-week price range is $130 – $166.</a> </li> 
</ul> 
<p>Abbvie has been increasing its earnings by 15.5% each year on average, while the earnings of the Biotech industry grew by 32.7% yearly, according to the financial website Simply Wall St. The company’s revenues have also been rising by 15.3% per year on average. AbbVie has a return on equity of 65.3% and a net margin of 15.4%.</p> 
<p>Abbvie has total shareholder equity of $13.3 Billion and total debt of $62.5 Billion, which brings its debt-to-equity ratio to 469.5%. Its total assets and total liabilities are $134.5 Billion and $121.2 Billion, respectively, according to Simply Wall St. AbbVie’s EBIT is $19.8 Billion making its interest coverage ratio 10.5. It has cash and short-term investments of $6.7 Billion.</p> 
<p>The market capitalization of ABBV stock is $263.55 Billion, and the total revenue is $58.054 Billion. Moreover, the stock’s basic EPS is $4.89, and the price-to-earnings ratio is 30.47. Moreover, the average volume is 6.023 Million, and the current volume is 5.757 Million; the current volume is below average volume.</p> 
<p>Moreover, the stock has done well in the last three months, increasing by 0.26%, and it has surged by 2.37% in the last six months.&nbsp; However, Abbvie Inc. (NYSE: ABBV) stock has a negative year-to-date return of 7.81% and a positive 1-year return of 5.81%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-abbvie-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Abbvie Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that Abbvie Inc’s ( NYSE: ABBV) stock price has been on a rising trend for the last month, increasing by 11.48%. At the time of writing, ABBV Stock is trading at $149.38 and has been making higher highs and higher lows.&nbsp;</p> 
<p>Therefore, the ABBV price could continue to move upwards and reach the first and second targets of $156.59 and $163.69 if it maintains the current level. However, if the ABBV price fails to sustain the current level and drops, then it might hit the nearest support levels of $143.68 and $137.47.</p> 
<figure class="wp-block-image aligncenter size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="574" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe-1024x574.webp" alt="Technical Analysis of Abbvie Stock Price in 1-D Timeframe" class="wp-image-156439" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe-1024x574.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe-300x168.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe-768x431.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe-750x421.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe-1140x639.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-Stock-Price-in-1-D-Timeframe.webp 1439w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption">
   Source: ABBV.1D.NYSE by TradingView 
 </figcaption> 
</figure> 
<p>At the time of publishing, Abbvie Inc. (NYSE: ABBV) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), which are supporting the price trend. Hence, the ABBV price is expected to move upwards, giving bullish views over the daily time frame chart.<br></p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="574" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-1024x574.webp" alt="Technical Analysis of Abbvie" class="wp-image-156438" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-1024x574.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-300x168.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-768x431.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-750x421.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie-1140x639.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/Technical-Analysis-of-Abbvie.webp 1439w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: ABBV.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p><br>The current value of RSI is 67.65 points. The 14 SMA is above the median line at 61.08 points which indicates that Abbvie stock is bullish as the RSI is in bullish territory.</p> 
<p>The MACD line at 3.18 and signal line at 1.91 are above the zero line, and both lines are closing in on each other. A bullish crossover is observed in the MACD oscillator, which signals more bullishness for the ABBV Stock price.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/07/24/abbvie-abbv-stock-price-soaring-ahead-its-q2-2023-report/" rel="noopener noreferrer nofollow">Abbvie Inc.</a> (NYSE: ABBV) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical oscillators of the ABBV stock price also support the bullish trend. The MACD, RSI, and EMA are highlighting positive signals and imply that the uptrend may continue in ABBV stock price.<strong><br></strong></p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>The nearest support levels for Abbvie stock price are $143.68 and $137.47.</li> 
 <li>The nearest resistance levels for Abbvie stock price are $156.59 and $163.69.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Abbvie Stock Price Prediction: ABBV Stock Rises, Can It Sustain?

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