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- 10/17/2014
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Avery Dennison Corp.
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Summary:
Weekly :Lane's Stochastic is oversoldStochastic has raised above the signal linePrice is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic has raised above the signal lineRelative Strength Index and MACD bullish divergenceThe price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was a first positive week after 5 consecutive negative weeks for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.17 points, or 2.79%, and closed at 43.13 on Friday, October 17, 2014. It was the best weekly gain since June 20, 2014. Weekly volume was 56% above 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 23.6% 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 23.6% retracement level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 8, 2014 at 49.16 and reached 40.58 on October 15, 2014. AVY lost 8.58 points, or 17.45%, in 37 days. The price is now at the 29.72% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since September 16, 2014. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands is 136.78% higher then one year average. It indicates the period of high volatility of the stock price. 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) 35.50
Bullish
Williams' Percentage Range (W%R) 68.80
Lane's Stochastic (%D-Slow) 34.93
Greed/Fear Indicator (GFI) 33.88
Moving Average Converg./Diverg. (MACD) -1.39 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.37
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 13.11
Oversold
Greed/Fear Indicator (GFI) 22.36
Moving Average Converg./Diverg. (MACD) -0.42
Trading Signals
Description Value Chart
Upper Bollinger Band 47.75
50 Day Moving Average 46.57
20 Day Moving Average 44.08
Price 43.13
Daily Stochastic Crossing 41.89
Weekly Stochastic Crossing 41.41
Parabolic System 40.65
Lower Bollinger Band 40.24
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Paper & Paper Products 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.16
High Date 09/08/2014
Low 40.58
Low Date 10/15/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.16
High Date 09/08/2014
Low 40.58
Low Date 10/15/2014
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.82
High Date 07/03/2014
Low 40.58
Low Date 10/15/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.24
High Date 04/04/2014
Low 40.58
Low Date 10/15/2014
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 52.24
High Date 04/04/2014
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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