ABBV Hits Record High in Stage 2 Uptrend, 7 of 8 Trend Checks Pass

Posted on by Eben@CANSLIM Research
ABBV daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

AbbVie (ABBV) closed at a fresh 52-week high of $265.97 on August 19, 2026, confirming a Stage 2 advancing uptrend with price holding above a rising 30-week moving average. The stock passes 7 of 8 trend template checks, with the only miss being the relative strength line not at a three-month high. Overall sentiment is bullish, reflecting an offensive setup as the market focuses on the stock’s sustained momentum and proximity to highs.

Technical Analysis

As of 2026-08-19 · Close $265.97

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 2.75%)

Detected Patterns — What the Market Is Watching

  • No actionable pattern detected at this time.

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