The Greedy Trader Weekly Analysis
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Archive
- 3/20/2015
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Avery Dennison Corp.
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Bearish Deliberation CandlestickStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 61.8% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.48 points, or 2.85%, and closed at 53.49 on Friday, March 20, 2015. It was the best weekly gain since December 19, 2014. AVY was trading at average weekly trading volume.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 17.02 and reached 54.74 on February 25, 2015. AVY gained -37.72 points, or -221.62%, in 311 weeks. Price is near the trend high.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on October 15, 2014 at 40.58 and reached 54.74 on February 25, 2015. AVY gained -14.16 points, or -34.89%, in 19 weeks. The price is now at the 8.83% retracement level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since November 14, 2014. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 25, 2015 at 54.74 and reached 51.56 on March 10, 2015. AVY lost 3.18 points, or 5.81%, in 13 days. Price is near the Fibonacci 61.8% 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

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. Such crossover is considered a bullish signal. 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.

Candlestick pattern: [See AVY candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.33
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 76.40
Greed/Fear Indicator (GFI) 57.68
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.76
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 66.11
Greed/Fear Indicator (GFI) 67.60
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Upper Bollinger Band 54.69
Price 53.49
Daily Stochastic Crossing 53.15
Weekly Stochastic Crossing 53.08
20 Day Moving Average 53.07
50 Day Moving Average 53.00
Parabolic System 51.83
Lower Bollinger Band 51.03
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Paper & Paper Products 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.74
High Date 02/25/2015
Low 51.56
Low Date 03/10/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.74
High Date 02/25/2015
Low 51.56
Low Date 03/10/2015
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.58
Low Date 10/15/2014
High 54.74
High Date 02/25/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.58
Low Date 10/15/2014
High 54.74
High Date 02/25/2015
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 54.74
High Date 02/25/2015
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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