The Greedy Trader Weekly Analysis
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Number of records: 5
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Avery Dennison Corp.
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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 1.60 points, or 1.55%, and closed at 104.80 on Friday, April 13, 2018. Weekly volume was -18% below average.

AVY is a member of Consumer Goods Sector. Consumer Goods 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 AVY long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 17.02 and reached 123.67 on January 31, 2018. AVY gained -106.65 points, or -626.62%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 AVY medium-term trend chart]
A medium-term uptrend had started on October 28, 2016 at 68.55 and reached 123.67 on January 31, 2018. AVY gained -55.12 points, or -80.41%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (119.20) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 2, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AVY short-term trend chart]
A short-term downtrend had started on February 26, 2018 at 120.41 and reached 102.44 on April 6, 2018. AVY lost 17.97 points, or 14.92%, in 39 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.48
Williams' Percentage Range (W%R) 66.20
Lane's Stochastic (%D-Slow) 57.60
Greed/Fear Indicator (GFI) 48.62
Moving Average Converg./Diverg. (MACD) -2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.36
Williams' Percentage Range (W%R) 83.40
Oversold
Lane's Stochastic (%D-Slow) 18.51
Oversold
Greed/Fear Indicator (GFI) 25.63
Moving Average Converg./Diverg. (MACD) 4.36
Trading Signals
Description Value Chart
Monthly Trendline Resistance 124.18
Monthly Trendline Support 119.20
50 Day Moving Average 112.27
Upper Bollinger Band 112.19
20 Day Moving Average 106.13
Daily Stochastic Crossing 105.48
Price 104.80
Weekly Stochastic Crossing 104.50
Parabolic System 103.63
Lower Bollinger Band 101.97
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Paper & Paper Products 14
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 120.41
High Date 02/26/2018
Low 102.44
Low Date 04/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.67
High Date 01/31/2018
Low 102.44
Low Date 04/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 124.18
Support 119.20
Low 68.55
Low Date 10/28/2016
High 123.67
High Date 01/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.52
Low Date 10/04/2011
High 123.67
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 67.00
Support 46.89
Low 17.02
Low Date 03/09/2009
High 123.67
High Date 01/31/2018
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.

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