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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.

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- 3/13/2026 -
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Avery Dennison Corp. (AVY) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend support line
Daily :Relative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineThe period of high volatility of the stock price
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It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -8.87 points, or -4.94%, and closed at 170.77 on Friday, March 13, 2026. Weekly volume was 13% above average.

AVY is a member of Materials Sector. Materials 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 AVY long-term trend chart]
A long-term downtrend had started on July 23, 2024 at 233.48 and reached 156.23 on October 14, 2025. AVY lost 77.25 points, or 33.09%, in 64 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (155.62) 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 AVY medium-term trend chart]
A medium-term uptrend had started on October 14, 2025 at 156.23 and reached 199.54 on February 24, 2026. AVY gained -43.31 points, or -27.72%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (193.08) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AVY may retest the broken support line. It is considered to be a resistance line now. 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 AVY weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See AVY short-term trend chart]
A short-term downtrend had started on February 27, 2026 at 197.16 and reached 169.04 on March 12, 2026. AVY lost 28.12 points, or 14.26%, in 13 days. The price is now at the 6.15% retracement level.

Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since February 24, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 154.06% higher then one year average. It indicates the period of high volatility of the stock price. 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) 13.23
Oversold
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 6.98
Strong Oversold
Greed/Fear Indicator (GFI) 10.87
Oversold
Moving Average Converg./Diverg. (MACD) -1.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.94
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 59.69
Greed/Fear Indicator (GFI) 45.39
Moving Average Converg./Diverg. (MACD) 3.27
Trading Signals
Description Value Chart
Upper Bollinger Band 202.71
Monthly Trendline Resistance 201.15
Monthly Trendline Support 193.08
20 Day Moving Average 187.78
50 Day Moving Average 187.43
Weekly Stochastic Crossing 185.52
Parabolic System 179.54
Price 170.77
Daily Stochastic Crossing 170.38
Lower Bollinger Band 164.99
Quarterly Trendline Support 155.62
Quarterly Trendline Resistance 153.50
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Paper Packaging 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 197.16
High Date 02/27/2026
Low 169.04
Low Date 03/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 199.54
High Date 02/24/2026
Low 169.04
Low Date 03/12/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 201.15
Support 193.08
Low 156.23
Low Date 10/14/2025
High 199.54
High Date 02/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 153.50
Support 155.62
High 233.48
High Date 07/23/2024
Low 156.23
Low Date 10/14/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.24
High Date 11/08/2021
Low 156.23
Low Date 10/14/2025
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.