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- 10/11/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
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| | It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB gave back -1.40 points, or -0.63%, and closed at 219.62 on Friday, October 11, 2024. Weekly volume was -34% 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 236.26 on September 16, 2024. AVB gained -83.19 points, or -54.35%, in 77 weeks. The price is now at the 20.00% 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 236.26 on September 16, 2024. AVB gained -66.89 points, or -39.49%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 200.56 and resistance is at 244.43. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic 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. 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 AVB short-term trend chart]
A short-term downtrend had started on September 16, 2024 at 236.26 and reached 216.09 on October 10, 2024. AVB lost 20.17 points, or 8.54%, in 24 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since September 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.
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