The Greedy Trader Weekly Analysis
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AvalonBay Communities
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Summary:
Weekly :Overbought sector
Daily :Price has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the AvalonBay Communities (AVB). During the week, the AVB climbed 0.89 points, or 0.49%, and closed at 182.22 on Friday, December 08, 2017. Weekly volume was -19% below average.

AVB is a member of Financial Sector. Financial is the most overbought 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 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 trend support level is at 174.35 and resistance is at 209.43. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See AVB medium-term trend chart]
A medium-term downtrend had started on June 5, 2017 at 199.52 and reached 176.66 on September 28, 2017. AVB lost 22.86 points, or 11.46%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 169.57 and resistance is at 186.74. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since July 7, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 10, 2017 at 188.91 and reached 177.62 on December 6, 2017. AVB lost 11.29 points, or 5.98%, in 26 days. The price is now at the 40.74% retracement level.

Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 17, 2017. This is an indication that the short-term trend is down.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 41.56
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 33.47
Greed/Fear Indicator (GFI) 34.16
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.69
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 56.07
Greed/Fear Indicator (GFI) 43.01
Moving Average Converg./Diverg. (MACD) -0.81
Trading Signals
Description Value Chart
Yearly Trendline Resistance 209.43
Upper Bollinger Band 187.46
Monthly Trendline Resistance 186.74
Weekly Stochastic Crossing 183.66
20 Day Moving Average 183.32
Price 182.22
50 Day Moving Average 181.88
Daily Stochastic Crossing 179.74
Parabolic System 177.44
Lower Bollinger Band 176.89
Yearly Trendline Support 174.35
Monthly Trendline Support 169.57
Sector and Industry
Description Name Rank
Sector Financial 9
Industry REIT - Residential 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 188.91
High Date 11/10/2017
Low 177.62
Low Date 12/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 176.66
Low Date 09/28/2017
High 188.91
High Date 11/10/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 186.74
Support 169.57
High 199.52
High Date 06/05/2017
Low 176.66
Low Date 09/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 158.32
Low Date 11/23/2016
High 199.52
High Date 06/05/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 209.43
Support 174.35
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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