Trading Avery Dennison $AVY With Integrated Risk Controls

October 23, 2023, 21:00 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVY

• Buy AVY slightly over 165.80 target 176.69 stop loss @ 165.32 Details

The technical summary data tells us to buy AVY near 165.80 with an upside target of 176.69. This data also tells us to set a stop loss @ 165.32 to protect against excessive loss in case the stock begins to move against the trade. 165.80 is the first level of support below 171.27 , and by rule, any test of support is a buy signal. In this case, support 165.80 would be being tested, so a buy signal would exist.

• Short AVY slightly under 176.69, target 165.80, stop loss @ 177.2 Details

The technical summary data is suggesting a short of AVY as it gets near 176.69 with a downside target of 165.80. We should have a stop loss in place at 177.2though. 176.69 is the first level of resistance above 171.27, and by rule, any test of resistance is a short signal. In this case, if resistance 176.69 is being tested, so a short signal would exist.

Swing Trading Plans for AVY

• Buy AVY slightly over 174.30, target 176.69, Stop Loss @ 173.8 Details

If 174.30 begins to break higher, the technical summary data tells us to buy AVY just slightly over 174.30, with an upside target of 176.69. The data also tells us to set a stop loss @ 173.8 in case the stock turns against the trade. 174.30 is the first level of resistance above 171.27, and by rule, any break above resistance is a buy signal. In this case, 174.30, 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 174.30, target 165.80, Stop Loss @ 174.8. Details

The technical summary data is suggesting a short of AVY if it tests 174.30 with a downside target of 165.80. We should have a stop loss in place at 174.8 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, 174.30, 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 over 171.43, target 174.30, Stop Loss @ 171.03 Details

If 171.43 begins to break higher, the technical summary data tells us to buy AVY just slightly over 171.43, with an upside target of 174.30. The data also tells us to set a stop loss @ 171.03 in case the stock turns against the trade. 171.43 is the first level of resistance above 171.27, and by rule, any break above resistance is a buy signal. In this case, 171.43, 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 171.43, target 165.80, Stop Loss @ 171.83. Details

The technical summary data is suggesting a short of AVY if it tests 171.43 with a downside target of 165.80. We should have a stop loss in place at 171.83 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, 171.43, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Avery Dennison (AVY) available here: AVY.

AVY Ratings for October 23:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	165.80
P2	171.43	174.30	176.69
P3	174.85	180.38	186.95

AI Generated Signals for AVY

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