AVERY DENNISON CORP (AVY) Stock Technical Analysis
NYSE:AVY • US0536111091
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- AVY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AVY has a been trading in the 182.39 - 197.54 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, AVY turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- AVY is part of the Containers & Packaging industry. There are 22 other stocks in this industry, AVY did better than 42% of them.
Besides having an excellent technical rating, AVY also presents 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 195.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 193.21, a Stop Loss order could be placed below this zone.
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164.34
5 important support areas can be observed.
- A support zone ranging from 190.17 to 193.21. 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 183.97 to 186.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 180.09 to 181.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @170.45 from a horizontal line in the weekly time frame.
- Support @166.00 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 195.81 to 195.81. 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 | 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 | 60.94 | 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) | 59.66 | NEUTRAL | The RSI value for AVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests AVY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.71 | NEUTRAL | The Stochastics value for AVY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for AVY suggests low volalility. |
| Average Directional Index/ADX (14) | 24.36 | NEUTRAL | The ADX value for AVY suggests a possible start of a new 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 |
|---|---|---|---|
| 195.82 | 190.16 | 5.66 (2.89%) | 25.00% |
| An entry @195.82. This is a Buy Stop order right above the resistance zone. | An exit @190.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.66 points, which is 2.89%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AVY. Please evaluate whether better entry and exit points can be found.
- 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.
193.6
-1.81 (-0.93%)
AVERY DENNISON CORP / AVY FAQ
What is the technical rating for AVY stock?
ChartMill assigns a technical rating of 8 / 10 to AVY.
Can you provide the trend direction for AVERY DENNISON CORP?
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 59.662. 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 0.242241, 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 193.21 and a resistance level at 195.81. Check the full technical report for our detailed analysis of AVY support and resistance levels.