AVERY DENNISON CORP (AVY) Stock Technical Analysis
NYSE:AVY - New York Stock Exchange, Inc. - US0536111091 - Common Stock - Currency: USD
Overall AVY gets a technical rating of 5 out of 10. In the last year, AVY was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
81% of all other stocks performed better in the past year than AVY.
AVY is one of the lesser performing stocks in the Containers & Packaging industry. 80% of 22 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month AVY has a been trading in the 173.08 - 183.97 range, which is quite wide. It is currently trading near the high of this range.
AVY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVY is lagging the market.
Volume is considerably higher in the last couple of days.
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.
More info and screens
167.72
225.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 175.89 to 178.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 169.41 to 170.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 183.25 to 183.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @187.97 from a horizontal line in the daily time frame.
- Resistance @223.25 from a horizontal line in the weekly time frame.
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 | 19.93 | NEGATIVE | AVY has a low relative strength, it was outperformed by 80.07% 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) | UP | POSITIVE | The current price of AVY is above the rising 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) | 60.52 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests AVY has a positive trend. |
| Stochastics (14,3) | 88.72 | OVERBOUGHT | The high Stochastics value suggests AVY may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for AVY suggests low volalility. |
| Average Directional Index/ADX (14) | 14.28 | NEGATIVE | The low ADX value for AVY suggests a weak or negative trend. |
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)
183.24
-0.19 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.1%
1 Week4.14%
2 Weeks5.35%
1 Month2.52%
3 Month7.63%
6 Month-1%
12 Month-15.18%
2 Year-0.42%
3 Year-3.79%
5 Year61.67%
10 Year201.13%
15 Year411.13%
Volatility
ATR(14)3.25
ATR(20)%1.74%
ATR Inc-25.74%
Range Today1.86
ADR(20)3.06
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.93
Mansfield-1.31
10 Day High183.98
10 Day Low173.08
20 Day High183.98
20 Day Low173.08
52 Week High233.48
52 Week Low157
CS1 End178.54
CR1 Start183.25
Volume & EV
DER(3)0.04%
DER(5)-0.28%
Volume339.80K
Volume Incr53.89%
Vol(5)1.12M
Vol(50)759.97K