AVERY DENNISON CORP (AVY) Stock Technical Analysis
NYSE:AVY - New York Stock Exchange, Inc. - US0536111091 - Common Stock - Currency: USD
Taking everything into account, AVY scores 3 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.
75% of all other stocks performed better in the past year than AVY.
AVY is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 71% are performing better than AVY.
AVY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVY is lagging the market.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month AVY has a been trading in the 168.09 - 184.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
AVY has a poor technical rating and the quality of the setup is also only medium 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
167.97
225.48
We found 2 important support areas.
- A support zone ranging from 174.74 to 177.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 169.67 to 170.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 179.24 to 183.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for AVY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVY is up. |
| ChartMill Relative Strength | 25.89 | NEGATIVE | AVY has a low relative strength, it was outperformed by 74.11% 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) | 50.94 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests AVY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.44 | NEUTRAL | The Stochastics value for AVY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for AVY suggests low volalility. |
| Average Directional Index/ADX (14) | 20.72 | NEUTRAL | The ADX value for AVY suggests a possible start of a new 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)
177.55
-2.75 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.53%
1 Week-3.09%
2 Weeks3.11%
1 Month3.98%
3 Month-3.69%
6 Month-12.36%
12 Month-21.8%
2 Year10.19%
3 Year2.89%
5 Year60.43%
10 Year186.79%
15 Year419.46%
Volatility
ATR(14)3.42
ATR(20)%1.89%
ATR Inc-18.16%
Range Today1.75
ADR(20)2.94
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.89
Mansfield-1.26
10 Day High184.25
10 Day Low176.29
20 Day High184.25
20 Day Low168.09
52 Week High233.48
52 Week Low157
CS1 End177.25
CR1 Start179.24
Volume & EV
DER(3)1.3%
DER(5)0.97%
Volume586.55K
Volume Incr-39.78%
Vol(5)487.15K
Vol(50)814.94K