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- 11/24/2023 -
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AvalonBay Communities (AVB) Technical Analysis
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|It was a second consecutive positive week for the AvalonBay Communities (AVB). During the week, the AVB gained 4.33 points, or 2.56%, and closed at 173.37 on Friday, November 24, 2023. AVB was trading at average weekly trading volume. |
Long-term trend: [See AVB long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 153.07 and reached 198.66 on July 24, 2023. AVB gained -45.59 points, or -29.78%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (211.62) 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 long-term trend.
Medium-term trend: [See AVB medium-term trend chart]
A medium-term downtrend had started on July 24, 2023 at 198.66 and reached 160.45 on October 30, 2023. AVB lost 38.21 points, or 19.23%, in 14 weeks. The price is now at the 33.81% retracement level.
Weekly Technical Indicators: [See AVB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 18, 2023. This is an indication that the medium-term trend is down. 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 October 30, 2023 at 160.45 and reached 175.02 on November 14, 2023. AVB gained -14.57 points, or -9.08%, in 15 days. The price is now at the 11.32% retracement level.
Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since November 2, 2023. This is an indication that the short-term trend is up.
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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.