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- 8/30/2024 -
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AvalonBay Communities (AVB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the AvalonBay Communities (AVB). During the week, the AVB gained 4.00 points, or 1.80%, and closed at 225.73 on Friday, August 30, 2024. Weekly volume was -31% 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 226.18 on August 30, 2024. AVB gained -73.11 points, or -47.76%, in 75 weeks. Price is near the trend high.
 Medium-term trend: [See AVB medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 169.37 and reached 226.18 on August 30, 2024. AVB gained -56.81 points, or -33.54%, in 28 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 200.22 and resistance is at 234.18. 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 Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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, Relative Strength Index 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 226.18 on August 30, 2024. AVB gained -40.00 points, or -21.48%, in 93 days. Price is near the trend high.
 Daily Technical Indicators: [See AVB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range.
The daily MACD line is above its signal line since August 9, 2024. This is an indication that the short-term trend is up.
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