The Greedy Trader Weekly Analysis
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Archive
- 8/19/2016
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Avery Dennison Corp.
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the second consecutive negative week for the Avery Dennison Corp. (AVY). During the week, the AVY gave back -0.74 points, or -0.95%, and closed at 77.45 on Friday, August 19, 2016. Weekly volume was -40% below 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 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 (47.08) 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 (65.73) 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.

The weekly MACD line is below its signal line since June 24, 2016. The distance between MACD and the signal line is low and getting smaller. 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.52
Williams' Percentage Range (W%R) 38.40
Lane's Stochastic (%D-Slow) 23.32
Greed/Fear Indicator (GFI) 42.48
Moving Average Converg./Diverg. (MACD) 0.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.85
Williams' Percentage Range (W%R) 33.70
Lane's Stochastic (%D-Slow) 73.61
Greed/Fear Indicator (GFI) 64.35
Moving Average Converg./Diverg. (MACD) 2.69
Trading Signals
Description Value Chart
Upper Bollinger Band 79.83
Parabolic System 79.07
Weekly Stochastic Crossing 77.88
20 Day Moving Average 77.61
Price 77.45
Daily Stochastic Crossing 76.74
50 Day Moving Average 75.40
Lower Bollinger Band 74.31
Monthly Trendline Resistance 71.36
Monthly Trendline Support 65.73
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Paper & Paper Products 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
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 71.36
Support 65.73
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 57.67
Support 47.08
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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