The Greedy Trader Weekly Analysis
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Archive
- 4/11/2014
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Avery Dennison Corp.
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Summary:
Weekly :Williams' Percentage Range bullish divergencePrice is near the Fibonacci 61.8% retracement level
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving Average
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It was the first negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -2.50 points, or -4.89%, and closed at 48.63 on Friday, April 11, 2014. Weekly volume was 26% above average.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 23.52 and reached 52.24 on April 4, 2014. AVY gained -28.72 points, or -122.11%, in 130 weeks. The price is now at the 12.57% retracement level.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on February 5, 2014 at 46.25 and reached 52.24 on April 4, 2014. AVY gained -5.99 points, or -12.95%, in 8 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Williams' Percentage Range has bullish divergence. Use the following links to access the Williams' Percentage Range help, or use the Technical Stock Screener to see the list of stocks with weekly Williams' Percentage Range bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 31, 2014. Use the following link to access a MACD help.

Short-term trend: [See AVY short-term trend chart]
A short-term downtrend had started on April 4, 2014 at 52.24 and reached 48.49 on April 11, 2014. AVY lost 3.75 points, or 7.18%, in 7 days. Price is near the trend low.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.47
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 32.87
Greed/Fear Indicator (GFI) 27.89
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.20
Williams' Percentage Range (W%R) 54.30
Bullish
Lane's Stochastic (%D-Slow) 71.93
Bearish
Greed/Fear Indicator (GFI) 54.40
Moving Average Converg./Diverg. (MACD) 1.49
Trading Signals
Description Value Chart
Parabolic System 52.14
Upper Bollinger Band 51.94
Weekly Stochastic Crossing 51.15
20 Day Moving Average 50.53
50 Day Moving Average 49.90
Daily Stochastic Crossing 49.59
Lower Bollinger Band 48.81
Price 48.63
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Paper & Paper Products 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.24
High Date 04/04/2014
Low 48.49
Low Date 04/11/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.24
High Date 04/04/2014
Low 48.49
Low Date 04/11/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.25
Low Date 02/05/2014
High 52.24
High Date 04/04/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 52.24
High Date 04/04/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 52.24
High Date 04/04/2014
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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