The Greedy Trader Weekly Analysis
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Archive
- 9/16/2016
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Avery Dennison Corp.
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Summary:
Weekly :Stochastic signal line moved below overbought areaOversold sectorBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice is close to the 50 Day Moving Average
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It was a first positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.08 points, or 1.43%, and closed at 76.41 on Friday, September 16, 2016. Weekly volume was -33% below 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 (47.40) 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 Wedge chart pattern. The uptrend resistance line (66.74) 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 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.

The weekly MACD line is below its signal line since June 24, 2016. The distance between MACD and the signal line is low, but getting bigger. 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 5, 2016 at 70.81 and reached 79.27 on August 10, 2016. AVY gained -8.46 points, or -11.95%, in 36 days. The chart has formed a Rising Pennant chart pattern.

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

The daily MACD line is below its signal line since August 15, 2016.

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.

Price is close to the 50 Day Moving Average. 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) 46.85
Williams' Percentage Range (W%R) 42.40
Lane's Stochastic (%D-Slow) 37.57
Greed/Fear Indicator (GFI) 47.35
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.14
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 74.48
Greed/Fear Indicator (GFI) 65.55
Moving Average Converg./Diverg. (MACD) 2.58
Trading Signals
Description Value Chart
Upper Bollinger Band 78.63
Weekly Stochastic Crossing 77.27
20 Day Moving Average 77.14
50 Day Moving Average 76.44
Price 76.41
Daily Stochastic Crossing 76.07
Lower Bollinger Band 75.13
Parabolic System 74.61
Monthly Trendline Resistance 71.84
Monthly Trendline Support 66.74
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 89
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 70.81
Low Date 07/05/2016
High 79.27
High Date 08/10/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.06
Low Date 01/20/2016
High 79.27
High Date 08/10/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 71.84
Support 66.74
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 57.86
Support 47.40
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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