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|It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -3.30 points, or -1.79%, and closed at 181.33 on Friday, December 01, 2017. It was the worst weekly loss since September 22, 2017. AVB was trading at average weekly trading volume. |
AVB is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See AVB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 38.34 and reached 199.52 on June 5, 2017. AVB gained -161.18 points, or -420.40%, in 430 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 174.04 and resistance is at 209.22. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
Medium-term trend: [See AVB medium-term trend chart]
A medium-term downtrend had started on June 5, 2017 at 199.52 and reached 176.66 on September 28, 2017. AVB lost 22.86 points, or 11.46%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 170.28 and resistance is at 187.21. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 7, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See AVB short-term trend chart]
A short-term downtrend had started on November 10, 2017 at 188.91 and reached 179.03 on November 29, 2017. AVB lost 9.88 points, or 5.23%, in 19 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 17, 2017. This is an indication that the short-term trend is down.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.