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S&P 500 Oversold StocksArchive
- 12/20/2024 -
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Avery Dennison Corp. (AVY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Avery Dennison Corp. (AVY). During the week, the AVY dropped -7.00 points, or -3.59%, and closed at 188.10 on Friday, December 20, 2024. Weekly volume was 65% above average.
AVY is a member of Materials Sector. Materials is the most oversold 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 uptrend had started on June 16, 2022 at 151.62 and reached 233.48 on July 23, 2024. AVY gained -81.86 points, or -53.99%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (192.58) 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 long-term trend.
 Medium-term trend: [See AVY medium-term trend chart]
A medium-term downtrend had started on July 23, 2024 at 233.48 and reached 185.80 on December 19, 2024. AVY lost 47.68 points, or 20.42%, in 21 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.
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 relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 25, 2024 at 208.00 and reached 185.80 on December 19, 2024. AVY lost 22.20 points, or 10.67%, in 24 days. The price is now at the 10.36% retracement level.
 Daily Technical Indicators: [See AVY daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 11, 2024. 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 109.03% 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
1 |
| Industry |
Paper Packaging |
51 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
208.00 |
| High Date |
11/25/2024 |
| Low |
185.80 |
| Low Date |
12/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
224.26 |
| High Date |
09/27/2024 |
| Low |
185.80 |
| Low Date |
12/19/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
233.48 |
| High Date |
07/23/2024 |
| Low |
185.80 |
| Low Date |
12/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
241.44 |
| Support |
192.58 |
| Low |
151.62 |
| Low Date |
06/16/2022 |
| High |
233.48 |
| High Date |
07/23/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
17.02 |
| Low Date |
03/09/2009 |
| High |
233.48 |
| High Date |
07/23/2024 |
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