The Greedy Trader Weekly Analysis
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Archive
- 4/17/2015
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Avery Dennison Corp.
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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandPrice has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the first negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -2.97 points, or -5.50%, and closed at 51.07 on Friday, April 17, 2015. Weekly volume was -21% below average.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on October 15, 2014 at 40.58 and reached 54.74 on February 25, 2015. AVY gained -14.16 points, or -34.89%, in 19 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on February 25, 2015 at 54.74 and reached 50.94 on April 17, 2015. AVY lost 3.80 points, or 6.94%, in 7 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 27, 2015. 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 AVY short-term trend chart]
A short-term downtrend had started on April 13, 2015 at 54.36 and reached 50.94 on April 17, 2015. AVY lost 3.42 points, or 6.29%, in 4 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD 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 links to access Lane's Stochastic and Williams' Percentage Range 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. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.24
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 24.78
Bullish
Greed/Fear Indicator (GFI) 28.20
Moving Average Converg./Diverg. (MACD) 0.05 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.80
Williams' Percentage Range (W%R) 46.90
Lane's Stochastic (%D-Slow) 52.57
Greed/Fear Indicator (GFI) 50.64
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Upper Bollinger Band 54.35
Parabolic System 54.11
50 Day Moving Average 53.09
20 Day Moving Average 53.00
Weekly Stochastic Crossing 52.99
Lower Bollinger Band 51.39
Daily Stochastic Crossing 51.32
Price 51.07
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Paper & Paper Products 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.36
High Date 04/13/2015
Low 50.94
Low Date 04/17/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.36
High Date 04/13/2015
Low 50.94
Low Date 04/17/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.74
High Date 02/25/2015
Low 50.94
Low Date 04/17/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.58
Low Date 10/15/2014
High 54.74
High Date 02/25/2015
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 54.74
High Date 02/25/2015
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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