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Archive
- 1/13/2017
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Avery Dennison Corp.
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Price is close to 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 gave back -0.25 points, or -0.35%, and closed at 72.15 on Friday, January 13, 2017. Weekly volume was -26% below average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the 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 79.27 on August 10, 2016. AVY gained -62.25 points, or -365.75%, in 387 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (48.79) 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 4, 2011 at 23.52 and reached 79.27 on August 10, 2016. AVY gained -55.75 points, or -237.03%, in 253 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.25 and resistance is at 84.20. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since June 24, 2016. 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 January 3, 2017 at 69.53 and reached 73.39 on January 9, 2017. AVY gained -3.86 points, or -5.55%, in 6 days. The price is now at the 32.12% retracement level.

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

The daily MACD line is above its signal line since January 5, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 56.00
Williams' Percentage Range (W%R) 24.90
Lane's Stochastic (%D-Slow) 75.75
Greed/Fear Indicator (GFI) 68.96
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.81
Williams' Percentage Range (W%R) 62.70
Lane's Stochastic (%D-Slow) 46.04
Greed/Fear Indicator (GFI) 42.54
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 84.20
Upper Bollinger Band 73.37
Daily Stochastic Crossing 72.54
Price 72.15
Weekly Stochastic Crossing 71.66
20 Day Moving Average 71.63
50 Day Moving Average 71.60
Parabolic System 71.24
Lower Bollinger Band 70.41
Yearly Trendline Resistance 58.64
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Paper & Paper Products 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.53
Low Date 01/03/2017
High 73.39
High Date 01/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.55
Low Date 10/28/2016
High 74.16
High Date 12/08/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.27
High Date 08/10/2016
Low 68.55
Low Date 10/28/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 84.20
Support 53.25
Low 23.52
Low Date 10/04/2011
High 79.27
High Date 08/10/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 58.64
Support 48.79
Low 17.02
Low Date 03/09/2009
High 79.27
High Date 08/10/2016
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.

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