AVERY DENNISON CORP (AVY) Stock Technical Analysis
USA - NYSE:AVY - US0536111091 - Common Stock
Taking everything into account, AVY scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. AVY was also a bad performer in the overall market in the last year.
AVY has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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155.91
We found 3 important support areas.
- Support @174.58 from a horizontal line in the daily time frame.
- A support zone ranging from 167.05 to 169.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 157.48 to 159.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @179.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 183.25 to 187.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AVY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVY is up. |
| ChartMill Relative Strength | 24.18 | NEGATIVE | AVY has a low relative strength, it was outperformed by 75.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.48 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.21 | POSITIVE | The MACD value suggests AVY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.9 | NEUTRAL | The Stochastics value for AVY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for AVY suggests some volalility. |
| Average Directional Index/ADX (14) | 33.38 | POSITIVE | The high ADX value value for AVY suggests a strong trend. |
174.89
-1.04 (-0.59%)
AVERY DENNISON CORP / AVY FAQ
What is the technical rating for AVY stock?
ChartMill assigns a technical rating of 4 / 10 to AVY.
What is the trend direction for AVY stock?
The current trend direction for AVERY DENNISON CORP (AVY) is Bearish.
Can you provide the RSI signal for AVERY DENNISON CORP?
AVERY DENNISON CORP (AVY) has an RSI value of 58.4811. This indicates that the stock is currently neutral.
What is the short term momentum for AVY stock?
The short term momentum for AVERY DENNISON CORP (AVY) is positive.
What is the support and resistance level for AVY stock?
AVERY DENNISON CORP (AVY) has a support level at 174.58 and a resistance level at 179.15. Check the full technical report for our detailed analysis of AVY support and resistance levels.