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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Avery Dennison Corp. (AVY) Technical Analysis

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Summary:
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Daily :
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY gave back -0.05 points, or -0.03%, and closed at 170.80 on Friday, April 25, 2025. Weekly volume was 95% above average.

Long-term trend: [See AVY long-term trend chart]
A long-term downtrend had started on July 23, 2024 at 233.48 and reached 157.00 on April 8, 2025. AVY lost 76.48 points, or 32.76%, in 37 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 168.90 and resistance is at 177.30. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 224.26 and reached 157.00 on April 8, 2025. AVY lost 67.26 points, or 29.99%, in 27 weeks. The price is now at the 20.52% retracement level.

Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 14, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AVY short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 157.00 and reached 176.65 on April 23, 2025. AVY gained -19.65 points, or -12.52%, in 15 days. The price is now at the 29.77% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 16, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.47
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 68.90
Greed/Fear Indicator (GFI) 62.15
Moving Average Converg./Diverg. (MACD) -2.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.36
Williams' Percentage Range (W%R) 68.10
Lane's Stochastic (%D-Slow) 28.02
Greed/Fear Indicator (GFI) 34.16
Moving Average Converg./Diverg. (MACD) -8.05
Trading Signals
Description Value Chart
Upper Bollinger Band 182.05
50 Day Moving Average 177.48
Quarterly Trendline Resistance 177.30
Daily Stochastic Crossing 173.55
20 Day Moving Average 171.55
Price 170.80
Quarterly Trendline Support 168.90
Weekly Stochastic Crossing 167.43
Parabolic System 165.11
Lower Bollinger Band 162.53
Sector and Industry
Description Name Rank
Sector Materials 4
Industry Paper Packaging 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 157.00
Low Date 04/08/2025
High 176.65
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 190.50
High Date 03/03/2025
Low 157.00
Low Date 04/08/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 224.26
High Date 09/27/2024
Low 157.00
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 177.30
Support 168.90
High 233.48
High Date 07/23/2024
Low 157.00
Low Date 04/08/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.02
Low Date 03/09/2009
High 233.48
High Date 07/23/2024
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.