Auto-detected technical analysis for ABBV · data as of Aug 4, 2026. The chart above is live; the read below updates daily.
ABBV is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.
A falling wedge usually breaks higher, but ABBV is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $180.39 (−10.2%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; ABBV's own falling wedges have hit 14.3%.
New to this pattern? What a falling wedge is and how to trade it →
ABBV's most recent completed rising wedge (which broke against type) resolved as a win: it broke higher on Jun 22, 2026 near $230.17, then reached its target at $249.91 on Jul 9, 2026 — a +1.33R move (8.6%) over 12 sessions. Across 49 backtested rising wedges, this setup wins 51.0% of the time.
Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.
Every completed pattern trade our nightly backtest found on ABBV's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Rising Wedge | Jun 22, 2026 @ $230.17 | Jul 9, 2026 @ $249.91 | Win | +1.33R |
| Rising Wedge | Jun 1, 2026 @ $215.15 | Jun 4, 2026 @ $224.94 | Loss | -2.02R |
| Falling Wedge | Apr 24, 2026 @ $198.93 | May 19, 2026 @ $213.76 | Loss | -1.11R |
| Triangle | Mar 11, 2026 @ $225.88 | Mar 24, 2026 @ $202.29 | Win | +2.10R |
| Triangle | Mar 2, 2026 @ $233.66 | Mar 13, 2026 @ $219.68 | Loss | -1.12R |
| Rising Wedge | Aug 13, 2025 @ $200.97 | Sep 8, 2025 @ $209.79 | Win | +0.54R |
| Rising Wedge | Aug 1, 2025 @ $196.16 | Aug 28, 2025 @ $207.92 | Win | +1.02R |
| Triangle | Jul 10, 2025 @ $191.42 | Aug 28, 2025 @ $207.92 | Win | +1.70R |
| Triangle | Jun 17, 2025 @ $188.76 | Jul 10, 2025 @ $195.00 | Loss | -1.29R |
| Triangle | Jun 6, 2025 @ $188.49 | Oct 9, 2025 @ $230.69 | Win | +5.12R |
| Triangle | Jan 15, 2025 @ $173.51 | Jan 31, 2025 @ $183.90 | Loss | -1.20R |
| Rising Wedge | Sep 16, 2024 @ $194.57 | Oct 30, 2024 @ $201.50 | Loss | -1.41R |
A chance to go short showed up on the weekly chart about a week ago: price ran up to $265.76 — a level traders often watch as a target (161.8% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
Nearest auto-detected support sits near $222.16, resistance near $256.07. These are chart/swing-derived levels, not formula pivots.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 4, 2026 | $246.74 | $246.91 | $242.39 | $243.80 |
| Aug 3, 2026 | $251.45 | $256.20 | $244.44 | $245.10 |
| Jul 31, 2026 | $252.54 | $255.52 | $247.00 | $250.94 |
| Jul 30, 2026 | $258.38 | $259.89 | $253.51 | $257.41 |
| Jul 29, 2026 | $264.21 | $267.47 | $262.76 | $263.30 |
| Jul 28, 2026 | $262.83 | $266.92 | $261.45 | $263.20 |
| Jul 27, 2026 | $259.00 | $262.10 | $256.78 | $256.91 |
| Jul 24, 2026 | $258.54 | $260.22 | $256.77 | $259.36 |
| Jul 23, 2026 | $253.98 | $258.38 | $253.10 | $256.92 |
| Jul 22, 2026 | $257.81 | $257.81 | $252.25 | $253.30 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.