AVERY DENNISON CORP (AVY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AVY - US0536111091 - Common Stock
Overall AVY gets a technical rating of 8 out of 10. Although AVY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AVY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 182.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 178.39, a Stop Loss order could be placed below this zone.
More info and screens
155.91
We found 2 important support areas.
- A support zone ranging from 173.01 to 178.39. 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 one important area.
- A resistance zone ranging from 182.33 to 186.29. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for AVY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVY is up. |
| ChartMill Relative Strength | 56.12 | NEUTRAL | AVY is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of AVY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.54 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AVY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.07 | NEUTRAL | The Stochastics value for AVY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for AVY suggests low volalility. |
| Average Directional Index/ADX (14) | 26.38 | POSITIVE | The high ADX value value for AVY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 186.30 | 177.25 | 9.05 (4.86%) | 20.59% |
| An entry @186.30. This is a Buy Stop order right above the resistance zone. | An exit @177.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.05 points, which is 4.86%. | When investing 20.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
181.71
+0.49 (+0.27%)
AVERY DENNISON CORP / AVY FAQ
What is the technical rating for AVY stock?
ChartMill assigns a technical rating of 8 / 10 to AVY.
What is the trend direction for AVY stock?
The current trend direction for AVERY DENNISON CORP (AVY) is Bullish.
Can you provide the RSI signal for AVERY DENNISON CORP?
AVERY DENNISON CORP (AVY) has an RSI value of 59.5388. 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 178.39 and a resistance level at 182.33. Check the full technical report for our detailed analysis of AVY support and resistance levels.