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- 9/22/2023 -
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AvalonBay Communities (AVB) Technical Analysis
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|It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -6.25 points, or -3.40%, and closed at 177.64 on Friday, September 22, 2023. Weekly volume was -31% below average. |
Long-term trend: [See AVB long-term trend chart]
A long-term downtrend had started on March 29, 2022 at 259.05 and reached 153.07 on March 24, 2023. AVB lost 105.98 points, or 40.91%, in 51 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (131.03) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See AVB medium-term trend chart]
A medium-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 (196.29) 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 medium-term trend.
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. The distance between MACD and the signal line is low, but getting bigger. 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 August 30, 2023 at 186.03 and reached 177.39 on September 22, 2023. AVB lost 8.64 points, or 4.64%, in 23 days. Price is near the trend low.
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.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands (4.35%) is close to one year low (4.50%). It is 57.73% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.