Avery Dennison Technical Analysis (NYSE:AVY)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The AVY stock chart pattern can give those who understand technical analysis an indication of which way AVY stock is headed, but cannot predict with 100% certainty as to what can happen to the Avery Dennison stock price.
See Avery Dennison bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Avery Dennison stock analysis.
Avery Dennison Moving Average
Moving averages help predict the price direction of AVY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $115.76 is above the last closing price of $110.76 and the 50 day moving average of $117.17 is above the last closing price of $110.76. The 10 and 20 day periods can predict short term moving average trends.
Avery Dennison Bollinger Bands
Bollinger bands comprise of a center line usually AVY SMA, and two AVY stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $110.76 is in the lower range of Avery Dennison bollinger bands.
Avery Dennison Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Avery Dennison MACD indicator is below 0 indicating a bearish trend.
Avery Dennison Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 22.81 is the RSI value of AVY stock.