The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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AvalonBay Communities (AVB) Technical Analysis

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Summary:
Weekly :
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -3.13 points, or -1.67%, and closed at 183.82 on Friday, March 15, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -14% below average.

Long-term trend: [See AVB long-term trend chart]
A long-term downtrend had started on July 24, 2023 at 198.66 and reached 160.45 on October 30, 2023. AVB lost 38.21 points, or 19.23%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 172.10 and resistance is at 190.06. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 193.33 on December 14, 2023. AVB gained -32.88 points, or -20.49%, in 6 weeks. The price is now at the 28.92% retracement level.

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

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 13, 2024 at 169.37 and reached 187.32 on March 11, 2024. AVB gained -17.95 points, or -10.60%, in 27 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 daily MACD line is above its signal line since February 14, 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.87
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 68.70
Greed/Fear Indicator (GFI) 62.21
Moving Average Converg./Diverg. (MACD) 1.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.11
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 50.05
Greed/Fear Indicator (GFI) 52.07
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Upper Bollinger Band 190.09
Monthly Trendline Resistance 190.06
Parabolic System 187.21
Daily Stochastic Crossing 184.77
Price 183.82
20 Day Moving Average 180.44
Weekly Stochastic Crossing 179.68
50 Day Moving Average 179.01
Lower Bollinger Band 172.59
Monthly Trendline Support 172.10
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry REIT - Residential 34
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 169.37
Low Date 02/13/2024
High 187.32
High Date 03/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.45
Low Date 10/30/2023
High 193.33
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 190.06
Support 172.10
High 198.66
High Date 07/24/2023
Low 160.45
Low Date 10/30/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 153.07
Low Date 03/24/2023
High 198.66
High Date 07/24/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.40
High Date 02/19/2020
Low 118.17
Low Date 03/23/2020
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.