The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Number of records: 13
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Avery Dennison Corp.
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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.43 points, or 1.33%, and closed at 109.10 on Friday, May 18, 2018. Weekly volume was 9% above average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the most oversold 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 123.67 on January 31, 2018. AVY gained -106.65 points, or -626.62%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (47.19) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on January 31, 2018 at 123.67 and reached 101.67 on April 25, 2018. AVY lost 22.00 points, or 17.79%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (98.69) 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. 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 April 25, 2018 at 101.67 and reached 109.66 on May 18, 2018. AVY gained -7.99 points, or -7.86%, in 23 days. The price is now at the 7.01% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since April 9, 2018. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.17
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 79.14
Greed/Fear Indicator (GFI) 77.26
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.36
Williams' Percentage Range (W%R) 69.70
Lane's Stochastic (%D-Slow) 28.72
Greed/Fear Indicator (GFI) 34.00
Moving Average Converg./Diverg. (MACD) 1.79
Trading Signals
Description Value Chart
Upper Bollinger Band 109.70
Price 109.10
Daily Stochastic Crossing 108.51
50 Day Moving Average 107.30
20 Day Moving Average 106.35
Parabolic System 105.74
Lower Bollinger Band 104.17
Weekly Stochastic Crossing 103.99
Weekly Trendline Resistance 102.97
Weekly Trendline Support 98.69
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Paper & Paper Products 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 101.67
Low Date 04/25/2018
High 109.66
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 102.97
Support 98.69
High 123.67
High Date 01/31/2018
Low 101.67
Low Date 04/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.55
Low Date 10/28/2016
High 123.67
High Date 01/31/2018
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 Rising Channel
Status Broken Resistance
Resistance 67.30
Support 47.19
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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