US stock / ETF

Avery Dennison Corp.

AVY · NYSE · USD

1 monthBearish85%
Monthly Downside probability 85%Bearish

AVY 1M chart

EMA21EMA50Bollinger
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Market View

Market Shift

Monthly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $176.84 and stabilize above resistance $233.48.

Invalidation Trigger

Break above $233.48 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Monthly
Momentum StateBearish
Momentum soft

RSI 46.7, MACD -0.085

Monthly
Volatility EnvironmentBearish
High volatility

ATR is $18.41 (10.69%)

Monthly

EMA Structure

Bearish
EMA 8$171.55Bullish
EMA 21$176.84Bearish
EMA 50$178.71Bearish

Signals

CategoryReadStrength
Momentum
RSI 46.7 · MACD -0.085

Neutral zone

Strength
Bearish
Volatility
ATR $18.41 · BB 20.58%

High volatility

Strength
Bearish
Volume
MFI 54.5 · OBV -30.27%

Relative to 20-period average volume

Strength
Range
Price Levels
$152.42 - $233.48

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+46.21% · 4.3 ATR above latest close

$251.89
Nearest resistance

+35.52% · 3.3 ATR above · 34-bar high

$233.48
Current price

Price shown is delayed

$172.28
Nearest support

-11.53% · 1.1 ATR below · 34-bar low

$152.42
Deeper support zone

-22.22% · 2.1 ATR below latest close

$134.01
ATR zone

Latest close ± ATR14

$153.87 - $190.69

Indicators

Trend

Dow Theory Structure

Confirmation $152.42, invalidation $187.91

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.7 / 23.5 / 17.0Bullish
Supertrend (10,3)

Price is above Supertrend

$116.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$182.19 / $192.55Bearish
Donchian Channel (20)

20-period breakout channel position

42%Bearish

Volatility

ATR (14)

High volatility

$18.41 (10.69%)Bearish
Bollinger Bands (20,2)

Width 20.58%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$213.25 / $139.69Bearish
ATR channel lower / upper

Current Volatility Envelope

$153.87 / $190.69Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$233.48Range
Support

Nearest Downside Decision Level

$152.42Range

Momentum

RSI (14)

Neutral zone

46.7Range
MACD (12,26,9)

Histogram is negative

-0.085Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

42.1 / 42.5Bearish
Williams %R (14)

Neutral zone

-57.9Range
CCI (20)

Balanced zone

-26.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.5Range
OBV slope

20-period OBV slope

-30.27%Bearish
Volume ratio

Relative to 20-period average volume

0.57xBearish

Trend

Dow Theory Structure

Confirmation $152.42, invalidation $187.91

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

29.7 / 23.5 / 17.0Bullish
Supertrend (10,3)

Price is above Supertrend

$116.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$182.19 / $192.55Bearish
Donchian Channel (20)

20-period breakout channel position

42%Bearish

Momentum

RSI (14)

Neutral zone

46.7Range
MACD (12,26,9)

Histogram is negative

-0.085Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

42.1 / 42.5Bearish
Williams %R (14)

Neutral zone

-57.9Range
CCI (20)

Balanced zone

-26.3Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$18.41 (10.69%)Bearish
Bollinger Bands (20,2)

Width 20.58%

45%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$213.25 / $139.69Bearish
ATR channel lower / upper

Current Volatility Envelope

$153.87 / $190.69Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

54.5Range
OBV slope

20-period OBV slope

-30.27%Bearish
Volume ratio

Relative to 20-period average volume

0.57xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$233.48Range
Support

Nearest Downside Decision Level

$152.42Range

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