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Downtrend ExhaustionArchive
- 4/26/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the AvalonBay Communities (AVB). During the week, the AVB gained 7.32 points, or 3.98%, and closed at 191.45 on Friday, April 26, 2024. Weekly volume was 17% above average.
 Long-term trend: [See AVB long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 160.45 and reached 196.07 on April 26, 2024. AVB gained -35.62 points, or -22.20%, in 25 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (177.87) 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 February 13, 2024 at 169.37 and reached 196.07 on April 26, 2024. AVB gained -26.70 points, or -15.76%, in 10 weeks. The price is now at the 17.30% retracement level.
 Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.
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 196.07 on April 26, 2024. AVB gained -18.67 points, or -10.52%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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