The Greedy Trader Weekly Analysis
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Archive
- 11/14/2014
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Avery Dennison Corp.
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Summary:
Weekly :Price is near the Fibonacci 61.8% retracement levelPrice is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the first negative week after 4 consecutive positive weeks for the Avery Dennison Corp. (AVY). During the week, the AVY gave back -0.20 points, or -0.42%, and closed at 47.54 on Friday, November 14, 2014. Weekly volume was -35% below 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 40.58 on October 15, 2014. AVY lost 11.66 points, or 22.32%, in 27 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on July 3, 2014 at 51.82 and reached 40.58 on October 15, 2014. AVY lost 11.24 points, or 21.69%, in 14 weeks. Price is near the Fibonacci 61.8% retracement level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly technical indicators are neutral.

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 low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 October 15, 2014 at 40.58 and reached 48.52 on November 13, 2014. AVY gained -7.94 points, or -19.57%, in 29 days. The price is now at the 12.34% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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. 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 daily MACD line is above its signal line since October 17, 2014. This is an indication that the short-term trend is up.

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.

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) 71.48
Williams' Percentage Range (W%R) 8.90
Strong Overbought
Lane's Stochastic (%D-Slow) 81.54
Overbought
Greed/Fear Indicator (GFI) 81.38
Overbought
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.89
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 57.55
Greed/Fear Indicator (GFI) 57.24
Moving Average Converg./Diverg. (MACD) -0.84
Trading Signals
Description Value Chart
Upper Bollinger Band 49.40
Parabolic System 48.57
Daily Stochastic Crossing 48.06
Price 47.54
20 Day Moving Average 46.36
Weekly Stochastic Crossing 46.00
50 Day Moving Average 45.83
Lower Bollinger Band 43.72
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Paper & Paper Products 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.58
Low Date 10/15/2014
High 48.52
High Date 11/13/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.16
High Date 09/08/2014
Low 40.58
Low Date 10/15/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.82
High Date 07/03/2014
Low 40.58
Low Date 10/15/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.24
High Date 04/04/2014
Low 40.58
Low Date 10/15/2014
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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