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Archive
- 6/8/2018
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Avery Dennison Corp.
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Williams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.69 points, or 1.59%, and closed at 108.03 on Friday, June 08, 2018. Weekly volume was -16% below average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the second 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 123.67 on January 31, 2018. AVY gained -106.65 points, or -626.62%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (47.36) 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 downtrend had started on January 31, 2018 at 123.67 and reached 101.67 on April 25, 2018. AVY lost 22.00 points, or 17.79%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 96.26 and resistance is at 109.96. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 February 2, 2018. This is an indication that the medium-term trend is down. 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 April 25, 2018 at 101.67 and reached 111.52 on May 22, 2018. AVY gained -9.85 points, or -9.69%, in 27 days. The price is now at the 35.43% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since May 29, 2018. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (108.16) comes close to the price (108.03). It indicates that the trend is getting weaker. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 46.33
Williams' Percentage Range (W%R) 80.10
Oversold
Lane's Stochastic (%D-Slow) 46.69
Greed/Fear Indicator (GFI) 37.63
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.51
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 49.45
Greed/Fear Indicator (GFI) 38.30
Moving Average Converg./Diverg. (MACD) 0.98
Trading Signals
Description Value Chart
Weekly Trendline Resistance 109.96
Upper Bollinger Band 109.94
Parabolic System 108.16
Price 108.03
20 Day Moving Average 107.64
Weekly Stochastic Crossing 107.06
Daily Stochastic Crossing 106.62
50 Day Moving Average 106.50
Lower Bollinger Band 104.33
Weekly Trendline Support 96.26
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 48
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 101.67
Low Date 04/25/2018
High 111.52
High Date 05/22/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 109.96
Support 96.26
High 123.67
High Date 01/31/2018
Low 101.67
Low Date 04/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.55
Low Date 10/28/2016
High 123.67
High Date 01/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 123.67
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 67.47
Support 47.36
Low 17.02
Low Date 03/09/2009
High 123.67
High Date 01/31/2018
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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