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Advanced TA SearchArchive
- 5/17/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a sixth consecutive positive week for the AvalonBay Communities (AVB). During the week, the AVB gained 2.00 points, or 1.02%, and closed at 198.89 on Friday, May 17, 2024. Weekly volume was -33% below average.
 Long-term trend: [See AVB long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 118.17 and reached 259.05 on March 29, 2022. AVB gained -140.88 points, or -119.22%, in 105 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (166.69) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 AVB medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 160.45 and reached 200.71 on May 15, 2024. AVB gained -40.26 points, or -25.09%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (180.04) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 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 uptrend had started on April 16, 2024 at 177.40 and reached 200.71 on May 15, 2024. AVB gained -23.31 points, or -13.14%, in 29 days. The price is now at the 7.81% retracement level.
 Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (197.15) comes close to the price (198.89). 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.
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