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Advanced TA SearchArchive
- 4/19/2024 -
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Avery Dennison Corp. (AVY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Avery Dennison Corp. (AVY). During the week, the AVY climbed 0.34 points, or 0.16%, and closed at 211.57 on Friday, April 19, 2024. Weekly volume was -15% below average.
AVY is a member of Materials Sector. Materials 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 AVY long-term trend chart]
A long-term downtrend had started on November 8, 2021 at 229.24 and reached 151.62 on June 16, 2022. AVY lost 77.62 points, or 33.86%, in 31 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (183.51) 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 16, 2022 at 151.62 and reached 225.26 on March 28, 2024. AVY gained -73.64 points, or -48.57%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (165.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 AVY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 26, 2023 at 165.21 and reached 225.26 on March 28, 2024. AVY gained -60.05 points, or -36.35%, in 154 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 3, 2024.
A Parabolic SAR (stop and reversal) indicator (213.45) comes close to the price (211.57). 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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