Trading Avery Dennison AVY With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for AVY
  • Buy AVY slightly slightly over 167.34 target 187.00 stop loss @ 166.86 Details
  • The technical summary data tells us to buy AVY near 167.34 with an upside target of 187.00. This data also tells us to set a stop loss @ 166.86 to protect against excessive loss in case the stock begins to move against the trade. 167.34 is the first level of support below 168.91 , and by rule, any test of support is a buy signal. In this case, support 167.34 is being tested, a buy signal would exist.

  • Short AVY slightly under 187.00, target 167.34, stop loss @ 187.54 Details
  • The technical summary data is suggesting a short of AVY as it gets near 187.00 with a downside target of 167.34. We should have a stop loss in place at 187.54though. 187.00 is the first level of resistance above 168.91, and by rule, any test of resistance is a short signal. In this case, if resistance 187.00 is being tested, a short signal would exist.

Swing Trading Plans for AVY
  • Buy AVY slightly slightly over 175.19, target 187.00, Stop Loss @ 174.68 Details
  • If 175.19 begins to break higher, the technical summary data tells us to buy AVY just slightly over 175.19, with an upside target of 187.00. The data also tells us to set a stop loss @ 174.68 in case the stock turns against the trade. 175.19 is the first level of resistance above 168.91, and by rule, any break above resistance is a buy signal. In this case, 175.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AVY slightly near 175.19, target 167.34, Stop Loss @ 175.7. Details
  • The technical summary data is suggesting a short of AVY if it tests 175.19 with a downside target of 167.34. We should have a stop loss in place at 175.7 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 175.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AVY
  • Buy AVY slightly slightly over 169.09, target 175.19, Stop Loss @ 168.7 Details
  • If 169.09 begins to break higher, the technical summary data tells us to buy AVY just slightly over 169.09, with an upside target of 175.19. The data also tells us to set a stop loss @ 168.7 in case the stock turns against the trade. 169.09 is the first level of resistance above 168.91, and by rule, any break above resistance is a buy signal. In this case, 169.09, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AVY slightly near 169.09, target 167.34, Stop Loss @ 169.48. Details
  • The technical summary data is suggesting a short of AVY if it tests 169.09 with a downside target of 167.34. We should have a stop loss in place at 169.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 169.09, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AVY Ratings for September 23:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 146.82
P2 169.09 166.84 167.34
P3 175.17 175.19 187.00

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AVY Long Term Analysis for September 23 2022


AVY Swing Trading Analysis for September 23 2022


AVY Day Trading Analysis for September 23 2022

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