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Archive
- 5/3/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the AvalonBay Communities (AVB). During the week, the AVB climbed 1.36 points, or 0.71%, and closed at 192.81 on Friday, May 3, 2024. AVB was trading at average weekly trading volume.
 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 (178.59) 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 12.21% 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. The price is now at the 17.46% retracement level.
Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
5 |
| Industry |
REIT - Residential |
114 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
177.40 |
| Low Date |
04/16/2024 |
| High |
196.07 |
| High Date |
04/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
169.37 |
| Low Date |
02/13/2024 |
| High |
196.07 |
| High Date |
04/26/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
187.94 |
| Support |
178.59 |
| Low |
160.45 |
| Low Date |
10/30/2023 |
| High |
196.07 |
| High Date |
04/26/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
153.07 |
| Low Date |
03/24/2023 |
| High |
198.66 |
| High Date |
07/24/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
229.40 |
| High Date |
02/19/2020 |
| Low |
118.17 |
| Low Date |
03/23/2020 |
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