The Greedy Trader Weekly Analysis
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Archive
- 5/12/2017
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Avery Dennison Corp.
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the first negative week after 3 consecutive positive weeks for the Avery Dennison Corp. (AVY). During the week, the AVY gave back -0.82 points, or -0.97%, and closed at 83.35 on Friday, May 12, 2017. Weekly volume was -25% 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 84.52 on May 8, 2017. AVY gained -61.00 points, or -259.35%, in 291 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 84.52 on May 8, 2017. AVY gained -15.97 points, or -23.30%, in 27 weeks. The price is now at the 7.33% retracement level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish 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, Relative Strength Index 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. 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 March 22, 2017 at 78.47 and reached 84.52 on May 8, 2017. AVY gained -6.05 points, or -7.71%, in 47 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.17 and resistance is at 85.09. 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 short-term trend.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.19
Williams' Percentage Range (W%R) 24.50
Lane's Stochastic (%D-Slow) 49.78
Greed/Fear Indicator (GFI) 61.48
Moving Average Converg./Diverg. (MACD) 0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.23
Bearish
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 74.72
Bearish
Greed/Fear Indicator (GFI) 74.68
Moving Average Converg./Diverg. (MACD) 1.86 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 85.09
Upper Bollinger Band 84.80
Parabolic System 84.49
Weekly Stochastic Crossing 83.61
Daily Stochastic Crossing 83.46
Price 83.35
20 Day Moving Average 82.84
50 Day Moving Average 81.18
Lower Bollinger Band 80.65
Weekly Trendline Support 80.17
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Paper & Paper Products 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 84.52
High Date 05/08/2017
Low 82.68
Low Date 05/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 85.09
Support 80.17
Low 78.47
Low Date 03/22/2017
High 84.52
High Date 05/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.55
Low Date 10/28/2016
High 84.52
High Date 05/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 84.52
High Date 05/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 84.52
High Date 05/08/2017
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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