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Archive
- 1/29/2016
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Avery Dennison Corp.
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Summary:
Weekly :Overbought sectorTrend resistance at 60.94Trend support at 60.82
Daily :
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Avery Dennison Corp. (AVY). During the week, the AVY climbed 0.15 points, or 0.25%, and closed at 60.89 on Friday, January 29, 2016. Weekly volume was 25% above average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the most overbought 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 66.65 on November 20, 2015. AVY gained -49.63 points, or -291.60%, in 349 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (60.94). 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 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 66.65 on November 20, 2015. AVY gained -26.07 points, or -64.24%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (60.82) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 December 24, 2015. The distance between MACD and the signal line is relatively high and getting bigger. 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 November 20, 2015 at 66.65 and reached 57.06 on January 20, 2016. AVY lost 9.59 points, or 14.39%, in 61 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 55.92 and resistance is at 62.19. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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 25, 2016. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.10
Williams' Percentage Range (W%R) 60.80
Lane's Stochastic (%D-Slow) 65.60
Greed/Fear Indicator (GFI) 53.29
Moving Average Converg./Diverg. (MACD) -1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.77
Williams' Percentage Range (W%R) 61.60
Lane's Stochastic (%D-Slow) 22.86
Greed/Fear Indicator (GFI) 35.24
Moving Average Converg./Diverg. (MACD) 1.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 72.46
50 Day Moving Average 62.60
Upper Bollinger Band 62.52
Weekly Trendline Resistance 62.19
Yearly Trendline Resistance 60.94
Price 60.89
Quarterly Trendline Support 60.82
Daily Stochastic Crossing 59.98
20 Day Moving Average 59.89
Weekly Stochastic Crossing 58.74
Lower Bollinger Band 58.09
Parabolic System 57.56
Weekly Trendline Support 55.92
Yearly Trendline Support 50.58
Sector and Industry
Description Name Rank
Sector Consumer Goods 9
Industry Paper & Paper Products 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.62
Low Date 01/26/2016
High 60.97
High Date 01/29/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 62.19
Support 55.92
High 66.65
High Date 11/20/2015
Low 57.06
Low Date 01/20/2016
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.65
High Date 11/20/2015
Low 57.06
Low Date 01/20/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 72.46
Support 60.82
Low 40.58
Low Date 10/15/2014
High 66.65
High Date 11/20/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 60.94
Support 50.58
Low 17.02
Low Date 03/09/2009
High 66.65
High Date 11/20/2015
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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