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Avery Dennison Corp.
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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.