The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 9/22/2023 -
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AvalonBay Communities (AVB) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.33
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 44.62
Greed/Fear Indicator (GFI) 36.71
Moving Average Converg./Diverg. (MACD) -0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.82
Williams' Percentage Range (W%R) 62.10
Lane's Stochastic (%D-Slow) 21.84
Greed/Fear Indicator (GFI) 34.95
Moving Average Converg./Diverg. (MACD) 1.90
Trading Signals
Description Value Chart
Quarterly Trendline Support 196.29
Upper Bollinger Band 185.25
50 Day Moving Average 184.73
Parabolic System 183.59
20 Day Moving Average 181.43
Daily Stochastic Crossing 180.23
Weekly Stochastic Crossing 179.43
Monthly Trendline Support 179.25
Monthly Trendline Resistance 178.55
Price 177.64
Lower Bollinger Band 177.55
Yearly Trendline Resistance 144.77
Sector and Industry
Description Name Rank
Sector Real Estate 5
Industry REIT - Residential 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 186.03
High Date 08/30/2023
Low 177.39
Low Date 09/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 198.66
High Date 07/24/2023
Low 175.99
Low Date 08/21/2023
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 178.55
Support 179.25
Low 167.77
Low Date 05/26/2023
High 198.66
High Date 07/24/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 213.18
Support 196.29
Low 153.07
Low Date 03/24/2023
High 198.66
High Date 07/24/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 144.77
Support 131.03
High 259.05
High Date 03/29/2022
Low 153.07
Low Date 03/24/2023
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.