The Hourly View for AVY
At the moment, AVY (Get Ratings)’s price is up $0.44 (0.22%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AVY has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
AVY ranks 18th in terms of today’s price percentage change out of Business Supplies stocks.
AVY’s Technical Outlook on the Daily Chart
At the time of this writing, AVY’s price is down $-0.35 (-0.17%) from the day prior. This is the 2nd day in a row AVY has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Avery Dennison Corp’s price action over the past 90 days can be seen via the chart below.
AVY: Daily RSI Analysis
For AVY News Traders
Investors and traders in AVY may be particularly interested in the following story that came out in the past day:
DUBLIN–(BUSINESS WIRE)–The “Emulsion Pressure Sensitive Adhesives Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com”s offering. The market for emulsion pressure sensitive adhesives is expected to grow at a CAGR of more than 4% during the forecast period. Companies Mentioned 3M American Biltrite Inc. APEC, Ltd (Advanced Polymer Emulsion Company) Arkema Group (Bostik SA) Ashland Inc. Avery Dennison Corporation Dow Drytac Corpo
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