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Advanced TA SearchArchive
- 6/7/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the AvalonBay Communities (AVB). During the week, the AVB gained 4.53 points, or 2.35%, and closed at 197.21 on Friday, June 7, 2024. It was the best weekly gain since April 26, 2024. Weekly volume was -28% below average.
 Long-term trend: [See AVB long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 153.07 and reached 200.71 on May 15, 2024. AVB gained -47.64 points, or -31.12%, in 59 weeks. The price is now at the 7.35% retracement level.
 Medium-term trend: [See AVB medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 169.37 and reached 200.71 on May 15, 2024. AVB gained -31.34 points, or -18.50%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 184.31 and resistance is at 207.95. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. 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 May 15, 2024 at 200.71 and reached 186.18 on May 29, 2024. AVB lost 14.53 points, or 7.24%, in 14 days. The price is now at the 75.91% retracement level.
 Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is below its signal line since May 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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.
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