Finaxion Research · ABBV

Which strategy works on ABBV?

On ABBV, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.

Findings

On ABBV, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample. The best is RSI 14: buy oversold (30/70): -7.1 points a year over buying and holding ABBV. The worst is Upper Bollinger band breakout: -20.5 points a year against buy-and-hold.

On ABBV, 0 of 20 famous strategies beat buy-and-hold on daily bars; 0 of them hold out of sample.
The best is RSI 14: buy oversold (30/70): -7.1 points a year over buying and holding ABBV.
The worst is Upper Bollinger band breakout: -20.5 points a year against buy-and-hold.

The 20 strategies, one by one

Strategy	Return	Buy and hold	Excess (pts/yr)	Vs. S&P 500 (pts/yr)	Out of sample	Trades
RSI 14: buy oversold (30/70)	446.0%	×13	-7.1%	-1.6%	—	32
“Sell in May and go away”	367.0%	×13	-8.4%	-2.9%	overfit	27
ADX: trade only in strong trends	298.6%	×13	-9.7%	-4.2%	—	391
The golden cross (50/200)	247.2%	×13	-10.8%	-5.3%	—	25
Wyckoff: buying the accumulation	187.4%	×13	-12.3%	-6.8%	—	63
The Turtles: 55-day breakout	178.1%	×13	-12.6%	-7.0%	—	55
Supertrend: the line that changes colour	167.8%	×13	-12.9%	-7.3%	—	23
Stochastic: oversold cross (14, 3)	141.3%	×13	-13.7%	-8.2%	—	176
Heikin Ashi: follow the coloured candles	106.2%	×13	-14.9%	-9.4%	—	870
Kaufman’s adaptive moving average (KAMA)	92.5%	×13	-15.4%	-9.9%	—	478
Bounce off the lower Bollinger band	87.7%	×13	-15.6%	-10.1%	—	102
The MACD cross (12/26/9)	87.6%	×13	-15.6%	-10.1%	—	273
Parabolic SAR: follow the dots	85.9%	×13	-15.7%	-10.2%	—	289
Only invest above the 200-day average	85.7%	×13	-15.7%	-10.2%	—	131
2-day RSI (the Connors rule)	49.9%	×13	-17.3%	-11.8%	—	303
Ichimoku: buy above the cloud	14.5%	×13	-19.4%	-13.8%	—	207
ICT / Smart Money: the fair value gap	14.5%	×13	-19.4%	-13.8%	—	90
ICT / Smart Money: the order block	-0.1%	×13	-20.4%	-14.8%	—	2
Smart Money: the liquidity sweep	-0.8%	×13	-20.4%	-14.9%	—	32
Upper Bollinger band breakout	-2.0%	×13	-20.5%	-15.0%	—	222

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