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Paper Packaging Industry Stocks Technical Analysis - AVYArchive
- 11/22/2024 -
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Avery Dennison Corp. (AVY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 5 consecutive negative weeks for the Avery Dennison Corp. (AVY). During the week, the AVY gained 2.90 points, or 1.46%, and closed at 201.10 on Friday, November 22, 2024. Weekly volume was 11% above average.
 Long-term trend: [See AVY long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 151.62 and reached 233.48 on July 23, 2024. AVY gained -81.86 points, or -53.99%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 191.36 and resistance is at 240.22. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on July 23, 2024 at 233.48 and reached 195.60 on November 19, 2024. AVY lost 37.88 points, or 16.22%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (219.32) is broken. Usually a broken support is considered to be a long-term bearish 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 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 June 14, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 October 17, 2024 at 222.16 and reached 195.60 on November 19, 2024. AVY lost 26.56 points, or 11.96%, in 33 days. The price is now at the 20.71% retracement level.
 Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since October 18, 2024. 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.
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.
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