The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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Avery Dennison Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineOversold sector
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY climbed 0.93 points, or 0.83%, and closed at 112.63 on Friday, December 01, 2017. Weekly volume was 15% above average.

AVY is a member of Consumer Goods Sector. Consumer Goods is the second 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 October 4, 2011 at 23.52 and reached 114.80 on November 30, 2017. AVY gained -91.28 points, or -388.10%, in 321 weeks. Price is near the trend high.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on October 28, 2016 at 68.55 and reached 114.80 on November 30, 2017. AVY gained -46.25 points, or -67.47%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (103.20) 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 and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 27, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 July 26, 2017 at 91.00 and reached 114.80 on November 30, 2017. AVY gained -23.80 points, or -26.15%, in 127 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (102.82) 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 short-term trend.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since November 17, 2017. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.59
Overbought
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 85.81
Overbought
Greed/Fear Indicator (GFI) 86.21
Overbought
Moving Average Converg./Diverg. (MACD) 2.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.13
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.17
Strong Overbought
Greed/Fear Indicator (GFI) 86.76
Overbought
Moving Average Converg./Diverg. (MACD) 5.27
Trading Signals
Description Value Chart
Upper Bollinger Band 114.29
Daily Stochastic Crossing 113.98
Weekly Stochastic Crossing 113.49
Price 112.63
Monthly Trendline Resistance 110.19
Parabolic System 109.62
20 Day Moving Average 109.39
Weekly Trendline Resistance 104.99
50 Day Moving Average 104.57
Lower Bollinger Band 104.56
Monthly Trendline Support 103.20
Weekly Trendline Support 102.82
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 104.51
Low Date 11/13/2017
High 114.80
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 104.99
Support 102.82
Low 91.00
Low Date 07/26/2017
High 114.80
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 110.19
Support 103.20
Low 68.55
Low Date 10/28/2016
High 114.80
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 114.80
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 114.80
High Date 11/30/2017
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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