The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 9
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 7/5/2024 -
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AvalonBay Communities (AVB) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineMACD bearish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -3.62 points, or -1.75%, and closed at 203.27 on Friday, July 5, 2024. It was the worst weekly loss since April 5, 2024. Weekly volume was -25% below average.

AVB is a member of Real Estate Sector. Real Estate 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 AVB long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 153.07 and reached 208.45 on June 28, 2024. AVB gained -55.38 points, or -36.18%, in 66 weeks. The price is now at the 9.35% retracement level.

Medium-term trend: [See AVB medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 169.37 and reached 208.45 on June 28, 2024. AVB gained -39.08 points, or -23.07%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 191.13 and resistance is at 216.09. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 March 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AVB short-term trend chart]
A short-term uptrend had started on May 29, 2024 at 186.18 and reached 208.45 on June 28, 2024. AVB gained -22.27 points, or -11.96%, in 30 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.70
Williams' Percentage Range (W%R) 59.30
Lane's Stochastic (%D-Slow) 42.62
Greed/Fear Indicator (GFI) 47.01
Moving Average Converg./Diverg. (MACD) 2.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.11
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 85.73
Overbought
Greed/Fear Indicator (GFI) 74.83
Moving Average Converg./Diverg. (MACD) 4.38 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 216.09
Upper Bollinger Band 207.62
Parabolic System 206.15
Weekly Stochastic Crossing 205.96
Price 203.27
Daily Stochastic Crossing 202.87
20 Day Moving Average 202.15
50 Day Moving Average 197.54
Lower Bollinger Band 196.00
Weekly Trendline Support 191.13
Sector and Industry
Description Name Rank
Sector Real Estate 10
Industry REIT - Residential 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 186.18
Low Date 05/29/2024
High 208.45
High Date 06/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 216.09
Support 191.13
Low 169.37
Low Date 02/13/2024
High 208.45
High Date 06/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.45
Low Date 10/30/2023
High 208.45
High Date 06/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 153.07
Low Date 03/24/2023
High 208.45
High Date 06/28/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.40
High Date 02/19/2020
Low 118.17
Low Date 03/23/2020
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.