AVERY DENNISON CORP (AVY)

US0536111091 - Common Stock

227.04  -1.35 (-0.59%)

After market: 227.04 0 (0%)

Technical Rating and Analysis

10

Overall AVY gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVY is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AVY is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, AVY also shows a nice and consistent pattern of rising prices.
AVY is one of the better performing stocks in the Containers & Packaging industry, it outperforms 81% of 23 stocks in the same industry.
A new 52 week high is currently being made by AVY, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month AVY has a been trading in a tight range between 221.28 and 230.43.
Weekly and Daily overview Charts
AVY Weekly chart
AVY Daily chart
Setup Rating and Analysis

7

AVY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 227.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 226.96, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

161.07

231.52

5 important support areas can be observed.

  • A support zone ranging from 221.85 to 226.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 208.91 to 214.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @184.17 from a trend line in the weekly time frame.
  • Support @166.47 from a horizontal line in the weekly time frame.
  • Support @162.70 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 227.60 to 229.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.63
Mansfield-0.08
10 Day High230.43
10 Day Low222.16
20 Day High230.43
20 Day Low221.28
52 Week High230.43
52 Week Low163.83
Performance
1 Week0.8%
2 Weeks-0.19%
1 Month0.44%
3 Month5.32%
6 Month12.62%
12 Month35.26%
2 Year40.26%
3 Year7.99%
5 Year96.27%
10 Year343.01%
15 Year784.11%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.2
RSI(14)54.11
LBB224
UBB229.61
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
229.24222.157.09 (3.09%)25.00%
An entry @229.24. This is a Buy Stop order right above the resistance zone.An exit @222.15. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 7.09 points, which is 3.09%.For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AVY Daily chart

AVERY DENNISON CORP

NYSE:AVY (6/18/2024, 7:14:30 PM)

After market: 227.04 0 (0%)

227.04

-1.35 (-0.59%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.59%
1 Week0.8%
2 Weeks-0.19%
1 Month0.44%
3 Month5.32%
6 Month12.62%
12 Month35.26%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.49
ATR(20)%1.46%
ATR Inc
Range Today4.1
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High230.43
10 Day Low222.16
20 Day High230.43
20 Day Low221.28
52 Week High230.43
52 Week Low163.83
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume499.60K
Volume Incr-22.93%
Vol(5)332.32K
Vol(50)434.53K