The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Avery Dennison Corp.
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Summary:
Weekly :Williams' Percentage Range is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the price
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -1.03 points, or -1.01%, and closed at 101.07 on Friday, July 06, 2018. Weekly volume was -20% below average.

Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 23.52 and reached 123.67 on January 31, 2018. AVY gained -100.15 points, or -425.81%, in 330 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on January 31, 2018 at 123.67 and reached 99.66 on June 28, 2018. AVY lost 24.01 points, or 19.41%, in 21 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 93.39 and resistance is at 107.09. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 weekly MACD line is below its signal line since February 2, 2018. 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 downtrend had started on May 22, 2018 at 111.52 and reached 99.66 on June 28, 2018. AVY lost 11.86 points, or 10.63%, in 37 days. The price is now at the 11.89% retracement level.

Daily Technical Indicators: [See AVY 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.

The daily MACD line is below its signal line since May 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (101.59) comes close to the price (101.07). It indicates that the trend is getting weaker. 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) 32.03
Williams' Percentage Range (W%R) 89.10
Oversold
Lane's Stochastic (%D-Slow) 31.45
Greed/Fear Indicator (GFI) 24.79
Moving Average Converg./Diverg. (MACD) -1.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.94
Williams' Percentage Range (W%R) 95.30
Strong Oversold
Lane's Stochastic (%D-Slow) 28.58
Greed/Fear Indicator (GFI) 26.41
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Upper Bollinger Band 108.32
Monthly Trendline Resistance 107.09
50 Day Moving Average 105.31
20 Day Moving Average 103.00
Weekly Stochastic Crossing 102.43
Parabolic System 101.59
Price 101.07
Daily Stochastic Crossing 100.58
Lower Bollinger Band 96.93
Monthly Trendline Support 93.39
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Paper & Paper Products 45
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.65
High Date 06/11/2018
Low 99.66
Low Date 06/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.52
High Date 05/22/2018
Low 99.66
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 107.09
Support 93.39
High 123.67
High Date 01/31/2018
Low 99.66
Low Date 06/28/2018
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 Uptrend
Status
Resistance
Support
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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