Avery Dennison Corp.
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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.