The Greedy Trader Weekly Analysis
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Number of records: 8
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Avery Dennison Corp.
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Summary:
Weekly :Weekly  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement level
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Avery Dennison Corp. (AVY). During the week, the AVY climbed 0.20 points, or 0.19%, and closed at 105.38 on Friday, September 07, 2018. Weekly volume was -23% below average.

Long-term trend: [See AVY long-term trend chart]
A long-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. 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 uptrend had started on June 28, 2018 at 99.66 and reached 116.35 on July 25, 2018. AVY gained -16.69 points, or -16.75%, in 3 weeks. The price is now at the 65.73% retracement level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 July 25, 2018 at 116.35 and reached 102.90 on September 4, 2018. AVY lost 13.45 points, or 11.56%, in 41 days. The price is now at the 18.44% retracement level.

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

The daily MACD line is below its signal line since August 8, 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 (105.45) comes close to the price (105.38). 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.51
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 37.03
Greed/Fear Indicator (GFI) 32.92
Moving Average Converg./Diverg. (MACD) -0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.53
Williams' Percentage Range (W%R) 70.10
Lane's Stochastic (%D-Slow) 47.85
Greed/Fear Indicator (GFI) 42.25
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Upper Bollinger Band 109.31
Weekly Stochastic Crossing 108.02
50 Day Moving Average 106.76
20 Day Moving Average 106.51
Parabolic System 105.45
Price 105.38
Daily Stochastic Crossing 104.94
Lower Bollinger Band 103.71
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Paper & Paper Products 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 116.35
High Date 07/25/2018
Low 102.90
Low Date 09/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.66
Low Date 06/28/2018
High 116.35
High Date 07/25/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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