The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Avery Dennison Corp.
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversold
Daily :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldStochastic has raised above the signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageBullish Homing Pigeon CandlestickThe period of high volatility of the stock price
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -8.64 points, or -8.10%, and closed at 98.02 on Friday, October 12, 2018. Weekly volume was 13% above 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 97.09 on October 11, 2018. AVY lost 26.58 points, or 21.49%, in 36 weeks. Price is near the trend low.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on July 25, 2018 at 116.35 and reached 97.09 on October 11, 2018. AVY lost 19.26 points, or 16.55%, in 11 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 September 21, 2018 at 113.32 and reached 97.09 on October 11, 2018. AVY lost 16.23 points, or 14.32%, in 20 days. The price is now at the 5.73% retracement level.

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

The daily MACD line is below its signal line since September 27, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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 distance between the Bollinger Bands is 107.16% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Candlestick pattern: [See AVY candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.25
Oversold
Williams' Percentage Range (W%R) 91.30
Strong Oversold
Lane's Stochastic (%D-Slow) 5.85
Strong Oversold
Greed/Fear Indicator (GFI) 9.26
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.40
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 40.82
Greed/Fear Indicator (GFI) 31.21
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 114.29
20 Day Moving Average 107.57
50 Day Moving Average 107.56
Weekly Stochastic Crossing 103.89
Parabolic System 103.29
Price 98.02
Daily Stochastic Crossing 97.47
Lower Bollinger Band 96.94
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Paper & Paper Products 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.32
High Date 09/21/2018
Low 97.09
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.35
High Date 07/25/2018
Low 97.09
Low Date 10/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.67
High Date 01/31/2018
Low 97.09
Low Date 10/11/2018
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 Uptrend
Status
Resistance
Support
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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