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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 0.93 points, or 1.90%, and closed at 49.82 on Friday, February 28, 2014. Weekly volume was 6% above average. |
Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 23.52 and reached 52.17 on January 22, 2014. AVY gained -28.65 points, or -121.81%, in 120 weeks. The price is now at the 8.20% retracement level.
Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on January 22, 2014 at 52.17 and reached 46.25 on February 5, 2014. AVY lost 5.92 points, or 11.35%, in 2 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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 January 31, 2014. This is an indication that the medium-term trend is down. 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 February 5, 2014 at 46.25 and reached 49.71 on February 14, 2014. AVY gained -3.46 points, or -7.48%, in 9 days. Price is near the trend high.
Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 daily MACD line is above its signal line since February 12, 2014. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.