Avery Dennison Corporations broke out of trading rangeA Trading range or consolidation has formed and has broken out during the weekly chart. This indicates that the price levels are going to go higher to the next high
Key stats
About Avery Dennison Corporation
Sector
Industry
CEO
Deon M. Stander
Website
Headquarters
Mentor
Founded
1935
FIGI
BBG000HDWGM7
Avery Dennison Corp. engages in the provision of labeling and packaging materials and solutions. It operates through the Materials and Solutions Group segments. The Materials Group segment manufactures and sells pressure-sensitive label materials, films for graphic and reflective products, performance tapes and other adhesive products for industrial, medical and other applications, as well as fastener solutions. The Solutions Group segment designs, manufactures and sells a wide variety of branding and information solutions, including brand and price tickets, tags and labels, and related services, supplies and equipment. The company was founded by R. Stanton Avery in 1935 and is headquartered in Mentor, OH.
AVY: building a baseA price action above 176.00 supports a bullish trend direction.
Increase long exposure for a break above 185.00.
The target price is set at 202.00, just below its 78.6% Fibonacci retracement level.
The stop-loss is set at 173.00.
Testing its 200-week simple moving average.
Building a base. The large
Avery Dennison Corporation WCA - Symmetrical Triangle Company: Avery Dennison Corporation
Ticker: AVY
Exchange: NYSE
Sector: Industrials
Introduction:
In our analysis today, we're looking at Avery Dennison Corporation (AVY) on the NYSE, an industrial sector company. The weekly chart displays a potential bullish reversal in the form of a Symmetrical
AVY - Opposite TrianglesTriangles are similar but angled oppositely.
From this we can assume that the upper triangle will break down, as price entering the first triangle was upward movement.
Also the structure above the solid green line does look like a top structure.
AVY: upside potential?A price action above 181.00 supports a bullish trend direction.
The ideal entry price is around 181.50.
Increase long exposure for a break above 185.50.
The first target price is set at 188.50.
The second target price is set at 193.50.
Stop-loss for a break below 180.50.
A fifth and final leg out of
$AVY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 64.29%.
Low Risk Cup and Handle Entry on AVYAVY is completing a big cup and handle pattern. Earnings were up 77% last quarter and sales grew by 38%, so the growth is definitely there. The cup depth is only 13%, so my initial target would be around 260.00. But the risk is very low as well. We have a tight handle on the right side of the chart.
AVY broke out of 4 months of consolidation* Long term strong up trend
* Solid earnings year over year
* Broke out of a 4 month consolidation period
* Still holding above with higher than average volume
🟢 +8%: #Buy Stop #AVY @164.03 / TP 177.05 / SL 159.69🟢 +8%: #Buy Stop NYSE:AVY @164.03 / TP 177.05 / SL 159.69
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