The Greedy Trader Weekly Analysis
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Archive
- 7/15/2016
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Avery Dennison Corp.
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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 0.23 points, or 0.31%, and closed at 73.53 on Friday, July 15, 2016. Weekly volume was -7% below average.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 17.02 and reached 77.38 on June 23, 2016. AVY gained -60.36 points, or -354.64%, in 380 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (46.66) 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 15, 2014 at 40.58 and reached 77.38 on June 23, 2016. AVY gained -36.80 points, or -90.69%, in 88 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (64.40) 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 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 downtrend had started on June 23, 2016 at 77.38 and reached 70.81 on July 5, 2016. AVY lost 6.57 points, or 8.49%, in 12 days. The chart has formed a Ascending Triangle chart pattern.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price is close to 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) 49.65
Williams' Percentage Range (W%R) 56.30
Lane's Stochastic (%D-Slow) 66.04
Greed/Fear Indicator (GFI) 53.12
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.28
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 48.63
Greed/Fear Indicator (GFI) 57.83
Moving Average Converg./Diverg. (MACD) 3.04
Trading Signals
Description Value Chart
Upper Bollinger Band 77.05
50 Day Moving Average 74.64
20 Day Moving Average 73.62
Price 73.53
Weekly Stochastic Crossing 73.50
Daily Stochastic Crossing 73.13
Parabolic System 71.07
Monthly Trendline Resistance 70.73
Lower Bollinger Band 70.09
Monthly Trendline Support 64.40
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Paper & Paper Products 99
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 77.38
High Date 06/23/2016
Low 70.81
Low Date 07/05/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.06
Low Date 01/20/2016
High 77.38
High Date 06/23/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 70.73
Support 64.40
Low 40.58
Low Date 10/15/2014
High 77.38
High Date 06/23/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 77.38
High Date 06/23/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 57.43
Support 46.66
Low 17.02
Low Date 03/09/2009
High 77.38
High Date 06/23/2016
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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