The Greedy Trader Weekly Analysis
Sign In Jun 24, 2016
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/17/2016
Sign In to see current Signals.
Avery Dennison Corp.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is strongly overboughtOversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the first negative week after 3 consecutive positive weeks for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -2.07 points, or -2.68%, and closed at 75.04 on Friday, June 17, 2016. Weekly volume was -16% below average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the second most oversold 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 AVY long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 17.02 and reached 77.25 on June 10, 2016. AVY gained -60.23 points, or -353.88%, in 378 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (46.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on October 15, 2014 at 40.58 and reached 77.25 on June 10, 2016. AVY gained -36.67 points, or -90.36%, in 86 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (63.38) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 above its signal line since February 19, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AVY short-term trend chart]
A short-term uptrend had started on May 20, 2016 at 73.28 and reached 77.25 on June 10, 2016. AVY gained -3.97 points, or -5.42%, in 21 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.

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.

Price is close to the 50 Day Moving Average. 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) 52.92
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 45.87
Greed/Fear Indicator (GFI) 54.01
Moving Average Converg./Diverg. (MACD) 0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.44
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 72.37
Greed/Fear Indicator (GFI) 73.10
Moving Average Converg./Diverg. (MACD) 3.20
Trading Signals
Description Value Chart
Upper Bollinger Band 77.43
Parabolic System 76.95
Weekly Stochastic Crossing 75.76
Daily Stochastic Crossing 75.59
20 Day Moving Average 75.26
Price 75.04
50 Day Moving Average 74.44
Lower Bollinger Band 73.42
Monthly Trendline Resistance 70.25
Monthly Trendline Support 63.38
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 87
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Low 73.28
Low Date 05/20/2016
High 77.25
High Date 06/10/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.06
Low Date 01/20/2016
High 77.25
High Date 06/10/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 70.25
Support 63.38
Low 40.58
Low Date 10/15/2014
High 77.25
High Date 06/10/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 77.25
High Date 06/10/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 57.25
Support 46.34
Low 17.02
Low Date 03/09/2009
High 77.25
High Date 06/10/2016
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.

Copyright© 2004-2013 All rights reserved. Delta Software Technologies, Inc.