The Greedy Trader Weekly Analysis
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Archive
- 4/22/2016
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Avery Dennison Corp.
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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineOversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 0.93 points, or 1.28%, and closed at 73.52 on Friday, April 22, 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 74.33 on April 19, 2016. AVY gained -57.31 points, or -336.72%, in 371 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (45.69) 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 74.33 on April 19, 2016. AVY gained -33.75 points, or -83.17%, in 78 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (61.31) 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 19, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 January 20, 2016 at 57.06 and reached 74.33 on April 19, 2016. AVY gained -17.27 points, or -30.27%, in 90 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (74.57) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

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

The daily MACD line is below its signal line since April 1, 2016. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (3.65%) is close to one year low (3.80%). It is 62.77% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.61
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 70.26
Greed/Fear Indicator (GFI) 61.29
Moving Average Converg./Diverg. (MACD) 1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 93.24
Strong Overbought
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 93.76
Strong Overbought
Greed/Fear Indicator (GFI) 84.26
Overbought
Moving Average Converg./Diverg. (MACD) 2.14
Trading Signals
Description Value Chart
Weekly Trendline Resistance 77.26
Weekly Trendline Support 74.57
Weekly Stochastic Crossing 73.69
Price 73.52
Upper Bollinger Band 73.39
Daily Stochastic Crossing 73.26
20 Day Moving Average 72.41
Parabolic System 72.30
Lower Bollinger Band 70.70
50 Day Moving Average 69.43
Monthly Trendline Resistance 69.27
Monthly Trendline Support 61.31
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.25
Low Date 04/12/2016
High 74.33
High Date 04/19/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 77.26
Support 74.57
Low 57.06
Low Date 01/20/2016
High 74.33
High Date 04/19/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 69.27
Support 61.31
Low 40.58
Low Date 10/15/2014
High 74.33
High Date 04/19/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 74.33
High Date 04/19/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 56.87
Support 45.69
Low 17.02
Low Date 03/09/2009
High 74.33
High Date 04/19/2016
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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