Londinia Opportunities Analyses - 05/20/2024 (GMT) AVERY DENNISON CORP. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	AVY
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 224.24 USD

My targets

227.79 USD (+0.80%)

229.27 USD (+1.46%)

My analysis

The bullish trend is currently very strong on AVERY DENNISON CORP.. As long as the price remains above the support at 224.24 USD, you could try to benefit from the boom. The first bullish objective is located at 227.79 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 229.27 USD as an objective. Crossing it would then enable buyers to target 231.25 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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Additional analysis

Quotes

The AVERY DENNISON CORP. price is 225.98 USD. The price is lower by -0.14% since the last closing and was traded between 225.77 USD and 226.50 USD over the period. The price is currently at +0.09% from its lowest and -0.23% from its highest.

225.77

226.50

225.98

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a 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 1H chart of AVERY DENNISON CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	215.48	219.38	224.24	225.98	226.87
Change (%)	-4.65%	-2.92%	-0.77%	-	+0.39%
Change	-10.50	-6.60	-1.74	-	+0.89
Level	Minor	Major	Major	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	222.07	223.04	224.67	225.64	227.27	228.24	229.87
Camarilla	225.59	225.82	226.06	226.30	226.54	226.78	227.02
Woodie	222.40	223.21	225.00	225.81	227.60	228.41	230.20
Fibonacci	223.04	224.03	224.65	225.64	226.63	227.25	228.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	220.87	222.35	224.33	225.81	227.79	229.27	231.25
Camarilla	225.35	225.67	225.98	226.30	226.62	226.93	227.25
Woodie	221.11	222.48	224.57	225.94	228.03	229.40	231.49
Fibonacci	222.35	223.68	224.49	225.81	227.14	227.95	229.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	192.74	200.57	208.93	216.76	225.12	232.95	241.31
Camarilla	212.83	214.31	215.80	217.28	218.76	220.25	221.73
Woodie	193.00	200.70	209.19	216.89	225.38	233.08	241.57
Fibonacci	200.57	206.76	210.58	216.76	222.95	226.77	232.95

Numerical data

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

Technical indicators

Moving averages

RSI (14):	55.06
MACD (12,26,9):	0.1800
Directional Movement:	2.87
AROON (14):	-35.72
DEMA (21):	225.84
Parabolic SAR (0,02-0,02-0,2):	224.28
Elder Ray (13):	0.63
Super Trend (3,10):	227.30
Zig ZAG (10):	226.34
VORTEX (21):	1.0300
Stochastique (14,3,5):	82.12
TEMA (21):	225.86
Williams %R (14):	-19.27
Chande Momentum Oscillator (20):	1.31
Repulse (5,40,3):	0.3900
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.03

MA7:	225.66
MA20:	221.65
MA50:	218.41
MA100:	211.01
MAexp7:	225.91
MAexp20:	225.63
MAexp50:	225.06
MAexp100:	223.41
Price / MA7:	+0.14%
Price / MA20:	+1.95%
Price / MA50:	+3.47%
Price / MA100:	+7.09%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.41%
Price / MAexp100:	+1.15%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on AVERY DENNISON CORP. at the time of the generation of this analysis was as follows: