AVERY DENNISON CORP (AVY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AVY - US0536111091 - Common Stock
We assign a technical rating of 2 out of 10 to AVY. 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.
AVY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 175.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 172.00, a Stop Loss order could be placed below this zone.
More info and screens
155.91
2 important support areas can be observed.
- A support zone ranging from 167.84 to 172.00. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 175.89 to 177.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 183.21 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 | NEUTRAL | NEUTRAL | The short term trend for AVY is neutral. |
| ChartMill Relative Strength | 30.58 | NEUTRAL | AVY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AVY is above a declining 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) | 53.04 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests AVY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.12 | NEUTRAL | The Stochastics value for AVY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for AVY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for AVY suggests a weak or negative trend. |
172.53
+0.16 (+0.09%)
AVERY DENNISON CORP / AVY FAQ
What is the technical rating for AVY stock?
ChartMill assigns a technical rating of 2 / 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 53.0374. 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 neutral.
What is the support and resistance level for AVY stock?
AVERY DENNISON CORP (AVY) has a support level at 172 and a resistance level at 175.89. Check the full technical report for our detailed analysis of AVY support and resistance levels.