AVY rises to highest close since August 10th

Avery Dennison Corp (AVY) Technical Analysis Report for Sep 14, 2018

Highlights

AVY closes higher for the 3rd day in a row
AVY pushes through previous session high
AVY rises to highest close since August 10th

TQ Sentiment

Report Sentiment: 33% Bullish
Technical Forecast:

Overview

Moving higher for the 3rd day in a row, AVY ended the week 3.49% higher at 109.06 after gaining $0.57 (0.53%) today. Today's closing price of 109.06 marks the highest close since August 10th. Closing above Thursday's high at 108.76, the share confirms its breakout through the prior session's high having traded $0.64 above it intraday.

Daily chart for AVY

Volatility

Friday's trading range was $1.33 (1.23%), that's slightly below last trading month's daily average range of $1.45. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being below average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Avery Dennison Corp

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Latest Report:

AVY soars 2.26% on high volume

Sep 18, 2018
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