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AVERY DENNISON CORP.
AVERY DENNISON CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AVY
ISIN:

AVERY DENNISON CORP. - Daily - Technical analysis published on 11/07/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 122.68 USD
My targets
136.62 USD (+2.98%)
145.38 USD (+9.58%)
My analysis
AVERY DENNISON CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 122.68 USD. The next resistance located at 136.62 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 145.38 USD. After this resistance, buyers could then target 160.15 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The AVERY DENNISON CORP. rating is 132.67 USD. The price registered an increase of +0.49% on the session with the lowest point at 131.72 USD and the highest point at 132.86 USD. The deviation from the price is +0.72% for the low point and -0.14% for the high point.

131.72
132.86
132.67

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AVERY DENNISON CORP.:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of AVERY DENNISON CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 116.46 120.48 122.68 132.67
Change (%) -12.22% -9.19% -7.53% -
Change -16.21 -12.19 -9.99 -
Level Major Intermediate Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard128.71129.77130.89131.95133.07134.13135.25
Camarilla131.42131.62131.82132.02132.22132.42132.62
Woodie128.75129.79130.93131.97133.11134.15135.29
Fibonacci129.77130.60131.11131.95132.78133.29134.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard124.26125.41127.40128.55130.54131.69133.68
Camarilla128.54128.82129.11129.40129.69129.98130.26
Woodie124.69125.62127.83128.76130.97131.90134.11
Fibonacci125.41126.61127.35128.55129.75130.49131.69


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard89.5698.32113.09121.85136.62145.38160.15
Camarilla121.39123.55125.70127.86130.02132.17134.33
Woodie92.5799.82116.10123.35139.63146.88163.16
Fibonacci98.32107.31112.86121.85130.84136.39145.38

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 77.62
MACD (12,26,9): 4.9900
Directional Movement: 34.12
AROON (14): 85.71
DEMA (21): 130.59
Parabolic SAR (0,02-0,02-0,2): 125.96
Elder Ray (13): 4.96
Super Trend (3,10): 124.33
Zig ZAG (10): 132.67
VORTEX (21): 1.2900
Stochastique (14,3,5): 96.35
TEMA (21): 133.72
Williams %R (14): -3.70
Chande Momentum Oscillator (20): 14.17
Repulse (5,40,3): 1.8900
ROCnROLL: 1
TRIX (15,9): 0.5000
Courbe Coppock: 28.13
MA7: 130.49
MA20: 122.73
MA50: 116.80
MA100: 115.08
MAexp7: 130.31
MAexp20: 124.55
MAexp50: 118.95
MAexp100: 115.31
Price / MA7: +1.67%
Price / MA20: +8.10%
Price / MA50: +13.59%
Price / MA100: +15.29%
Price / MAexp7: +1.81%
Price / MAexp20: +6.52%
Price / MAexp50: +11.53%
Price / MAexp100: +15.06%

News


Don"t forget to follow the news on AVERY DENNISON CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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