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Archive
- 5/10/2013
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Avery Dennison Corp. |
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.05 points, or 2.48%, and closed at 43.44 on Friday, May 10, 2013. Weekly volume was -35% below average.
AVY is a member of Consumer Goods Sector. Consumer Goods is the most overbought 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 43.64 on March 19, 2013. AVY gained -26.62 points, or -156.40%, in 210 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (31.99) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 4, 2011 at 23.52 and reached 43.64 on March 19, 2013. AVY gained -20.12 points, or -85.54%, in 76 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (30.23) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 26, 2013. 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 downtrend had started on March 19, 2013 at 43.64 and reached 39.72 on May 2, 2013. AVY lost 3.92 points, or 8.98%, in 44 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (38.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AVY may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.
 Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 2, 2013.
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.
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