The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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Avery Dennison Corp.
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Homing Pigeon Candlestick
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -6.17 points, or -5.25%, and closed at 111.46 on Friday, February 09, 2018. Weekly volume was 65% above 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 123.67 on January 31, 2018. AVY gained -106.65 points, or -626.62%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.38) 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 28, 2016 at 68.55 and reached 123.67 on January 31, 2018. AVY gained -55.12 points, or -80.41%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (114.46) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AVY may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 31, 2018 at 123.67 and reached 108.83 on February 9, 2018. AVY lost 14.84 points, or 12.00%, in 9 days. The price is now at the 17.72% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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 price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See AVY candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.07
Williams' Percentage Range (W%R) 80.10
Oversold
Lane's Stochastic (%D-Slow) 13.62
Oversold
Greed/Fear Indicator (GFI) 21.86
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.20
Williams' Percentage Range (W%R) 46.30
Lane's Stochastic (%D-Slow) 70.90
Greed/Fear Indicator (GFI) 59.11
Moving Average Converg./Diverg. (MACD) 6.94
Trading Signals
Description Value Chart
Upper Bollinger Band 123.23
Parabolic System 121.04
Monthly Trendline Resistance 119.29
Weekly Stochastic Crossing 118.38
20 Day Moving Average 118.09
50 Day Moving Average 116.36
Monthly Trendline Support 114.46
Price 111.46
Daily Stochastic Crossing 111.34
Lower Bollinger Band 109.99
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Paper & Paper Products 67
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 123.67
High Date 01/31/2018
Low 108.83
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.67
High Date 01/31/2018
Low 108.83
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 119.29
Support 114.46
Low 68.55
Low Date 10/28/2016
High 123.67
High Date 01/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 123.67
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 66.49
Support 46.38
Low 17.02
Low Date 03/09/2009
High 123.67
High Date 01/31/2018
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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