|
|
Advanced TA SearchArchive
- 6/7/2024 -
Sign In to see current Signals. |
Avery Dennison Corp. (AVY) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY gave back -1.30 points, or -0.57%, and closed at 226.29 on Friday, June 7, 2024. It was the worst weekly loss since April 12, 2024. AVY was trading at average weekly trading volume.
AVY is a member of Materials Sector. Materials is the most overbought 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 downtrend had started on November 8, 2021 at 229.24 and reached 151.62 on June 16, 2022. AVY lost 77.62 points, or 33.86%, in 31 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (185.86) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See AVY medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 151.62 and reached 229.98 on May 22, 2024. AVY gained -78.36 points, or -51.68%, in 100 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (166.74) 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 medium-term trend.
 Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 above its signal line since May 3, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 18, 2024 at 208.41 and reached 229.98 on May 22, 2024. AVY gained -21.57 points, or -10.35%, in 34 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 24, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
The distance between the Bollinger Bands is falling, and it was 3.02% on Friday. It is 59.85% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|