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Avery Dennison Corp.
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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.