The Greedy Trader Weekly Analysis
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AvalonBay Communities
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaMACD bullish divergencePrice has crossed below the 50 Day Moving Average
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It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -3.84 points, or -2.12%, and closed at 177.31 on Friday, October 05, 2018. Weekly volume was -32% below average.

Long-term trend: [See AVB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 38.34 and reached 199.52 on June 5, 2017. AVB gained -161.18 points, or -420.40%, in 430 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (187.11) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AVB may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See AVB medium-term trend chart]
A medium-term uptrend had started on March 5, 2018 at 152.65 and reached 185.99 on September 21, 2018. AVB gained -33.34 points, or -21.84%, in 28 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since April 6, 2018. 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 AVB short-term trend chart]
A short-term downtrend had started on September 21, 2018 at 185.99 and reached 175.58 on October 4, 2018. AVB lost 10.41 points, or 5.60%, in 13 days. The price is now at the 16.62% retracement level.

Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 32.76
Williams' Percentage Range (W%R) 80.90
Oversold
Lane's Stochastic (%D-Slow) 26.34
Greed/Fear Indicator (GFI) 26.07
Moving Average Converg./Diverg. (MACD) -0.25 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.07
Williams' Percentage Range (W%R) 29.00
Lane's Stochastic (%D-Slow) 74.91
Greed/Fear Indicator (GFI) 66.06
Moving Average Converg./Diverg. (MACD) 2.74
Trading Signals
Description Value Chart
Yearly Trendline Support 187.11
Upper Bollinger Band 186.09
Weekly Stochastic Crossing 183.02
20 Day Moving Average 181.66
50 Day Moving Average 180.94
Parabolic System 180.70
Price 177.31
Daily Stochastic Crossing 177.07
Lower Bollinger Band 175.07
Sector and Industry
Description Name Rank
Sector Financial 3
Industry REIT - Residential 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 185.99
High Date 09/21/2018
Low 175.58
Low Date 10/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 156.93
Low Date 05/21/2018
High 185.99
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 152.65
Low Date 03/05/2018
High 185.99
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 199.52
High Date 06/05/2017
Low 152.65
Low Date 03/05/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 214.72
Support 187.11
Low 38.34
Low Date 03/06/2009
High 199.52
High Date 06/05/2017
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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