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Archive
- 11/10/2017
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Avery Dennison Corp.
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineOversold sector
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -2.90 points, or -2.68%, and closed at 105.19 on Friday, November 10, 2017. Weekly volume was -11% below average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the 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 October 4, 2011 at 23.52 and reached 108.99 on November 3, 2017. AVY gained -85.47 points, or -363.39%, in 317 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 108.99 on November 3, 2017. AVY gained -40.44 points, or -58.99%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 101.16 and resistance is at 108.15. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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 downtrend had started on November 3, 2017 at 108.99 and reached 104.85 on November 10, 2017. AVY lost 4.14 points, or 3.80%, in 7 days. The price is now at the 8.21% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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.

The distance between the Bollinger Bands is 100.25% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.46
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 49.87
Greed/Fear Indicator (GFI) 62.68
Moving Average Converg./Diverg. (MACD) 2.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.53
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 88.46
Overbought
Greed/Fear Indicator (GFI) 78.93
Moving Average Converg./Diverg. (MACD) 4.69
Trading Signals
Description Value Chart
Upper Bollinger Band 111.00
Parabolic System 108.93
Monthly Trendline Resistance 108.15
Weekly Stochastic Crossing 107.43
Daily Stochastic Crossing 106.63
Price 105.19
20 Day Moving Average 104.18
Monthly Trendline Support 101.16
50 Day Moving Average 100.45
Lower Bollinger Band 97.99
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Paper & Paper Products 58
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.99
High Date 11/03/2017
Low 104.85
Low Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.00
Low Date 07/26/2017
High 108.99
High Date 11/03/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 108.15
Support 101.16
Low 68.55
Low Date 10/28/2016
High 108.99
High Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 108.99
High Date 11/03/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 108.99
High Date 11/03/2017
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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