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Drug Retail Industry Stocks Technical Analysis - AVBArchive
- 4/5/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
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| | It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -4.48 points, or -2.41%, and closed at 181.08 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -36% below average.
AVB is a member of Real Estate Sector. Real Estate is the second most oversold 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 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 173.83 and resistance is at 189.32. 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 chart has formed a Symmetric Triangle chart pattern. The trend support level is at 173.83 and resistance is at 185.45. 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 medium-term trend.
 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 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 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since March 18, 2024.
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 price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.44%) is close to one year low (4.18%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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