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Avery Dennison Corp.
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|It was the first negative week after 5 consecutive positive weeks for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -0.62 points, or -1.27%, and closed at 48.26 on Friday, September 12, 2014. Weekly volume was -39% below 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 46.65 on May 20, 2014. AVY lost 5.59 points, or 10.70%, in 6 weeks. The price is now at the 28.80% retracement level.
Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on May 20, 2014 at 46.65 and reached 51.82 on July 3, 2014. AVY gained -5.17 points, or -11.08%, in 6 weeks. The price is now at the 68.86% retracement 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 July 18, 2014. 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 August 7, 2014 at 46.77 and reached 49.16 on September 8, 2014. AVY gained -2.39 points, or -5.11%, in 32 days. Price is near the Fibonacci 38.2% 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.
The daily MACD line is above its signal line since August 12, 2014. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (48.14) comes close to the price (48.26). It indicates that the trend is getting weaker. 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.82% on Friday. It is 59.72% lower than one year average. It indicates the period of low 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.