The Greedy Trader Weekly Analysis
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- 1/24/2025 -
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Avery Dennison Corp. (AVY) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldTrend support at 193.94Trend resistance at 190.63
Daily :Williams' Percentage Range is strongly overboughtMACD bearish divergence
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It was a second consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY climbed 0.20 points, or 0.10%, and closed at 191.50 on Friday, January 24, 2025. Weekly volume was 53% above average.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 151.62 and reached 233.48 on July 23, 2024. AVY gained -81.86 points, or -53.99%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (193.94) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 224.26 and reached 182.00 on January 3, 2025. AVY lost 42.26 points, or 18.84%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (190.63). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since June 14, 2024. This is an indication that the medium-term trend is down. 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 January 3, 2025 at 182.00 and reached 194.50 on January 24, 2025. AVY gained -12.50 points, or -6.87%, in 21 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See AVY 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since January 6, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.94
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 77.39
Greed/Fear Indicator (GFI) 78.51
Moving Average Converg./Diverg. (MACD) -1.89 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.70
Williams' Percentage Range (W%R) 73.00
Lane's Stochastic (%D-Slow) 18.27
Oversold
Greed/Fear Indicator (GFI) 28.91
Moving Average Converg./Diverg. (MACD) -4.51
Trading Signals
Description Value Chart
Upper Bollinger Band 195.86
50 Day Moving Average 195.11
Quarterly Trendline Support 193.94
Daily Stochastic Crossing 193.03
Price 191.50
Weekly Trendline Resistance 190.63
Parabolic System 188.94
20 Day Moving Average 188.76
Weekly Stochastic Crossing 187.66
Lower Bollinger Band 185.60
Weekly Trendline Support 176.90
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Paper Packaging 58
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 182.00
Low Date 01/03/2025
High 194.50
High Date 01/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 190.63
Support 176.90
High 224.26
High Date 09/27/2024
Low 182.00
Low Date 01/03/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 233.48
High Date 07/23/2024
Low 182.00
Low Date 01/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 242.80
Support 193.94
Low 151.62
Low Date 06/16/2022
High 233.48
High Date 07/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 233.48
High Date 07/23/2024
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.