The Greedy Trader Weekly Analysis
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Archive
- 9/15/2017
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Avery Dennison Corp.
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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 3.64 points, or 3.91%, and closed at 96.83 on Friday, September 15, 2017. AVY was trading at average weekly trading volume.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 23.52 and reached 97.11 on September 15, 2017. AVY gained -73.59 points, or -312.88%, in 310 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 97.11 on September 15, 2017. AVY gained -28.56 points, or -41.66%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 95.33 and resistance is at 102.32. 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 Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 July 26, 2017 at 91.00 and reached 97.11 on September 15, 2017. AVY gained -6.11 points, or -6.71%, in 51 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (92.96) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 67.52
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 85.07
Overbought
Greed/Fear Indicator (GFI) 76.79
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.19
Overbought
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 69.68
Bearish
Greed/Fear Indicator (GFI) 75.22
Moving Average Converg./Diverg. (MACD) 3.81 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 102.32
Price 96.83
Daily Stochastic Crossing 96.62
Upper Bollinger Band 96.42
Weekly Trendline Resistance 95.87
Monthly Trendline Support 95.33
Weekly Stochastic Crossing 94.98
20 Day Moving Average 93.98
50 Day Moving Average 93.42
Weekly Trendline Support 92.96
Parabolic System 92.67
Lower Bollinger Band 91.99
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Paper & Paper Products 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 91.98
Low Date 09/07/2017
High 97.11
High Date 09/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 95.87
Support 92.96
Low 91.00
Low Date 07/26/2017
High 97.11
High Date 09/15/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 102.32
Support 95.33
Low 68.55
Low Date 10/28/2016
High 97.11
High Date 09/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 97.11
High Date 09/15/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 97.11
High Date 09/15/2017
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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