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Archive
- 11/18/2016
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Avery Dennison Corp.
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Summary:
Weekly :Oversold sectorBroken trend resistance lineTrend support at 70.81
Daily :
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It was a first positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.03 points, or 1.48%, and closed at 70.58 on Friday, November 18, 2016. Weekly volume was 8% above 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 79.27 on August 10, 2016. AVY gained -62.25 points, or -365.75%, in 387 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (48.16) 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 79.27 on August 10, 2016. AVY gained -38.69 points, or -95.34%, in 95 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (70.81) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support 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. The distance between MACD and the signal line is near its high, but getting smaller. 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 August 10, 2016 at 79.27 and reached 68.55 on October 28, 2016. AVY lost 10.72 points, or 13.52%, in 79 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 66.27 and resistance is at 78.23. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

The daily MACD line is above its signal line since November 8, 2016.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.28
Williams' Percentage Range (W%R) 60.70
Lane's Stochastic (%D-Slow) 72.66
Greed/Fear Indicator (GFI) 55.42
Moving Average Converg./Diverg. (MACD) -1.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.84
Williams' Percentage Range (W%R) 70.80
Lane's Stochastic (%D-Slow) 22.58
Greed/Fear Indicator (GFI) 31.07
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Monthly Trendline Resistance 81.41
Weekly Trendline Resistance 78.23
Upper Bollinger Band 75.37
50 Day Moving Average 74.48
Daily Stochastic Crossing 71.53
20 Day Moving Average 71.01
Monthly Trendline Support 70.81
Price 70.58
Weekly Stochastic Crossing 70.46
Parabolic System 69.48
Lower Bollinger Band 68.08
Weekly Trendline Support 66.27
Yearly Trendline Resistance 58.29
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.96
High Date 09/22/2016
Low 68.55
Low Date 10/28/2016
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 78.23
Support 66.27
High 79.27
High Date 08/10/2016
Low 68.55
Low Date 10/28/2016
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 81.41
Support 70.81
Low 40.58
Low Date 10/15/2014
High 79.27
High Date 08/10/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 79.27
High Date 08/10/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 58.29
Support 48.16
Low 17.02
Low Date 03/09/2009
High 79.27
High Date 08/10/2016
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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