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Archive
- 3/17/2017
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Avery Dennison Corp.
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has fallen below the Parabolic SARTrend resistance at 80.36The period of low volatility of the stock price
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It was the second negative week after 7 consecutive positive weeks for the Avery Dennison Corp. (AVY). During the week, the AVY gave back -0.11 points, or -0.14%, and closed at 80.39 on Friday, March 17, 2017. Weekly volume was -33% below 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 82.11 on March 1, 2017. AVY gained -58.59 points, or -249.11%, in 282 weeks. Price is near the trend high.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on October 28, 2016 at 68.55 and reached 82.11 on March 1, 2017. AVY gained -13.56 points, or -19.78%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 70.67 and resistance is at 83.84. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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.

The weekly MACD line is above its signal line since January 27, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 1, 2017 at 82.11 and reached 79.45 on March 9, 2017. AVY lost 2.66 points, or 3.24%, in 8 days. The chart has formed a Ascending Triangle chart pattern. The price is near the trend resistance line (80.36). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 21, 2017. This is an indication that the short-term trend is down.

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 distance between the Bollinger Bands is falling, and it was 3.33% on Friday. It is 54.05% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.59
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 31.19
Greed/Fear Indicator (GFI) 36.58
Moving Average Converg./Diverg. (MACD) 0.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.57
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 89.21
Overbought
Greed/Fear Indicator (GFI) 78.83
Moving Average Converg./Diverg. (MACD) 0.91
Trading Signals
Description Value Chart
Monthly Trendline Resistance 83.84
Parabolic System 81.94
Upper Bollinger Band 81.31
Weekly Stochastic Crossing 81.01
20 Day Moving Average 80.50
Price 80.39
Weekly Trendline Resistance 80.36
Daily Stochastic Crossing 79.91
Weekly Trendline Support 79.52
Lower Bollinger Band 78.64
50 Day Moving Average 77.49
Monthly Trendline Support 70.67
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Paper & Paper Products 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.51
Low Date 03/16/2017
High 80.47
High Date 03/17/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Test Resistance
Resistance 80.36
Support 79.52
High 82.11
High Date 03/01/2017
Low 79.45
Low Date 03/09/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 83.84
Support 70.67
Low 68.55
Low Date 10/28/2016
High 82.11
High Date 03/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 82.11
High Date 03/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 82.11
High Date 03/01/2017
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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