The Greedy Trader Weekly Analysis
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Avery Dennison Corp.
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the priceLane's Stochastic is oversoldThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -2.99 points, or -2.64%, and closed at 110.16 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -31% below average.

Long-term trend: [See AVY long-term trend chart]
A long-term downtrend had started on January 31, 2018 at 123.67 and reached 99.66 on June 28, 2018. AVY lost 24.01 points, or 19.41%, in 21 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (98.32) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 99.66 and reached 116.35 on July 25, 2018. AVY gained -16.69 points, or -16.75%, in 3 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 July 25, 2018 at 116.35 and reached 109.63 on August 10, 2018. AVY lost 6.72 points, or 5.78%, in 16 days. The price is now at the 7.89% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.

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

A Parabolic SAR (stop and reversal) indicator (109.81) comes close to the price (110.16). 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.84
Williams' Percentage Range (W%R) 38.50
Lane's Stochastic (%D-Slow) 18.95
Oversold
Greed/Fear Indicator (GFI) 48.43
Moving Average Converg./Diverg. (MACD) 2.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.60
Williams' Percentage Range (W%R) 31.90
Lane's Stochastic (%D-Slow) 57.26
Greed/Fear Indicator (GFI) 59.03
Moving Average Converg./Diverg. (MACD) -0.47
Trading Signals
Description Value Chart
Upper Bollinger Band 118.30
Weekly Stochastic Crossing 110.59
Daily Stochastic Crossing 110.23
Price 110.16
20 Day Moving Average 110.01
Parabolic System 109.81
50 Day Moving Average 106.11
Monthly Trendline Resistance 102.68
Lower Bollinger Band 101.56
Monthly Trendline Support 98.32
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Paper & Paper Products 66
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 116.35
High Date 07/25/2018
Low 109.63
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.66
Low Date 06/28/2018
High 116.35
High Date 07/25/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 102.68
Support 98.32
High 123.67
High Date 01/31/2018
Low 99.66
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 123.67
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 123.67
High Date 01/31/2018
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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