The Greedy Trader Weekly Analysis
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Archive
- 10/10/2014
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Avery Dennison Corp.
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldThe Bollinger Bands are historically far apart
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It was the fifth negative week after 5 consecutive positive weeks for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -1.96 points, or -4.46%, and closed at 41.96 on Friday, October 10, 2014. Weekly volume was 27% above average.

Long-term trend: [See AVY long-term trend chart]
A long-term downtrend had started on April 4, 2014 at 52.24 and reached 41.96 on October 10, 2014. AVY lost 10.28 points, or 19.68%, in 27 weeks. Price is near the trend low.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on July 3, 2014 at 51.82 and reached 41.96 on October 10, 2014. AVY lost 9.86 points, or 19.03%, in 14 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 18, 2014. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 8, 2014 at 49.16 and reached 41.96 on October 10, 2014. AVY lost 7.20 points, or 14.65%, in 32 days. Price is near the trend low.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since September 16, 2014. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands (19.45%) is close to one year high (16.38%). It is 173.79% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 15.80
Oversold
Williams' Percentage Range (W%R) 90.40
Strong Oversold
Lane's Stochastic (%D-Slow) 9.23
Strong Oversold
Greed/Fear Indicator (GFI) 11.54
Oversold
Moving Average Converg./Diverg. (MACD) -1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.09
Oversold
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 17.31
Oversold
Greed/Fear Indicator (GFI) 17.96
Oversold
Moving Average Converg./Diverg. (MACD) -0.23
Trading Signals
Description Value Chart
Upper Bollinger Band 49.17
50 Day Moving Average 47.09
20 Day Moving Average 45.55
Parabolic System 43.34
Weekly Stochastic Crossing 42.87
Daily Stochastic Crossing 42.15
Price 41.96
Lower Bollinger Band 41.01
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Paper & Paper Products 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.16
High Date 09/08/2014
Low 41.96
Low Date 10/10/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.16
High Date 09/08/2014
Low 41.96
Low Date 10/10/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.82
High Date 07/03/2014
Low 41.96
Low Date 10/10/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.24
High Date 04/04/2014
Low 41.96
Low Date 10/10/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 52.24
High Date 04/04/2014
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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