Avery Dennison Corp.
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|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.