The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 11/6/2026 -
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Avery Dennison Corp. (AVY) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :The price has risen above the Parabolic SAR
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It was a fourth consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 4.56 points, or 2.50%, and closed at 186.78 on Friday, November 6, 2026. Weekly volume was 10% above average.

Long-term trend: [See AVY long-term trend chart]
A long-term downtrend had started on February 24, 2026 at 199.54 and reached 152.42 on June 8, 2026. AVY lost 47.12 points, or 23.61%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (166.99) is broken. A broken support is considered to be a long-term bullish signal. 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 AVY medium-term trend chart]
A medium-term uptrend had started on June 8, 2026 at 152.42 and reached 195.34 on November 5, 2026. AVY gained -42.92 points, or -28.16%, in 21 weeks. The price is now at the 19.94% retracement level.

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

The weekly MACD line is above its signal line since July 24, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AVY short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 164.10 and reached 195.34 on November 5, 2026. AVY gained -31.24 points, or -19.04%, in 28 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since October 13, 2026. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.07
Williams' Percentage Range (W%R) 34.40
Lane's Stochastic (%D-Slow) 76.13
Greed/Fear Indicator (GFI) 68.95
Moving Average Converg./Diverg. (MACD) 3.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.76
Williams' Percentage Range (W%R) 24.30
Lane's Stochastic (%D-Slow) 58.55
Greed/Fear Indicator (GFI) 62.43
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
Upper Bollinger Band 194.09
Daily Stochastic Crossing 190.24
Price 186.78
Weekly Stochastic Crossing 186.00
Parabolic System 181.41
20 Day Moving Average 180.61
Monthly Trendline Resistance 180.37
50 Day Moving Average 174.82
Lower Bollinger Band 169.00
Monthly Trendline Support 166.99
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Paper Packaging 58
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 164.10
Low Date 10/08/2026
High 195.34
High Date 11/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 152.42
Low Date 06/08/2026
High 195.34
High Date 11/05/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 180.37
Support 166.99
High 199.54
High Date 02/24/2026
Low 152.42
Low Date 06/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 233.48
High Date 07/23/2024
Low 152.42
Low Date 06/08/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.24
High Date 11/08/2021
Low 152.42
Low Date 06/08/2026
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.