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Advanced TA SearchArchive
- 5/3/2024 -
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Avery Dennison Corp. (AVY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Avery Dennison Corp. (AVY). During the week, the AVY gained 2.52 points, or 1.15%, and closed at 221.55 on Friday, May 3, 2024. Weekly volume was -8% below 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 November 8, 2021 at 229.24 and reached 151.62 on June 16, 2022. AVY lost 77.62 points, or 33.86%, in 31 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (184.20) 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 June 16, 2022 at 151.62 and reached 225.26 on March 28, 2024. AVY gained -73.64 points, or -48.57%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (166.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See AVY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 19, 2024. The distance between MACD and the signal line is low and getting smaller. 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 June 1, 2023 at 158.93 and reached 225.26 on March 28, 2024. AVY gained -66.33 points, or -41.74%, in 301 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 173.21 and resistance is at 231.02. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 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 25, 2024. This is an indication that the short-term trend is up.
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