AVERY DENNISON CORP (AVY) Technical Analysis
NYSE:AVY • US0536111091
Current stock price
AVY Technical Rating and Analysis
Taking everything into account, AVY scores 0 out of 10 in our technical rating. AVY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, AVY is a bad performer in the overall market: 71% of all stocks are doing better.
- AVY is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 61% 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.
- In the last month AVY has a been trading in the 160.44 - 197.16 range, which is quite wide. It is currently trading near the lows of this range.
AVY Weekly and Daily overview Charts
AVY Setup Rating and Analysis
The technical rating of AVY is bad and it also does not present a quality setup 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
AVY Support and Resistance Analysis
155.91
2 important support areas can be observed.
- A support zone ranging from 166.01 to 167.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 157.48 to 158.71. 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 179.43 to 179.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 184.63 to 184.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @195.22 from a trend line in the weekly time frame.
AVY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for AVY is down. |
| ChartMill Relative Strength | 29.35 | NEGATIVE | AVY has a low relative strength, it was outperformed by 70.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVY is below 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) | 40.39 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests AVY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.1 | NEUTRAL | The Stochastics value for AVY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for AVY suggests some volalility. |
| Average Directional Index/ADX (14) | 42.83 | POSITIVE | The high ADX value value for AVY suggests a strong trend. |
AVY Chart- and CandleStick Pattern Analysis
AVY Technicals: Chart, Performance Metrics, Trend & Indicators
170.64
+4.72 (+2.84%)
AVERY DENNISON CORP / AVY TA FAQ
What is the technical rating for AVY stock?
ChartMill assigns a technical rating of 0 / 10 to AVY.
Can you provide the trend direction for AVERY DENNISON CORP?
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 40.386. This indicates that the stock is currently neutral.
What is the MACD signal for AVERY DENNISON CORP (AVY) stock?
The MACD indicator for AVERY DENNISON CORP (AVY) has a value of -0.621197, indicating a bearish trend.
What are the support and resistance levels for AVERY DENNISON CORP (AVY) stock?
AVERY DENNISON CORP (AVY) has a support level at 167.51 and a resistance level at 179.43. Check the full technical report for our detailed analysis of AVY support and resistance levels.