When the Price of (AVY) Talks, People Listen

January 15, 2024, 14:42 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVY

• Buy AVY slightly over 188.26 target 199.46 stop loss @ 187.72 Details

The technical summary data tells us to buy AVY near 188.26 with an upside target of 199.46. This data also tells us to set a stop loss @ 187.72 to protect against excessive loss in case the stock begins to move against the trade. 188.26 is the first level of support below 197.12 , and by rule, any test of support is a buy signal. In this case, support 188.26 is being tested, a buy signal would exist.

• Short AVY slightly under 199.46, target 188.26, stop loss @ 200.04 Details

The technical summary data is suggesting a short of AVY as it gets near 199.46 with a downside target of 188.26. We should have a stop loss in place at 200.04though. 199.46 is the first level of resistance above 197.12, and by rule, any test of resistance is a short signal. In this case, if resistance 199.46 is being tested, a short signal would exist.

Swing Trading Plans for AVY

• Buy AVY slightly over 199.46, target n/a, Stop Loss @ 198.88 Details

If 199.46 begins to break higher, the technical summary data tells us to buy AVY just slightly over 199.46, with an upside target of n/a. The data also tells us to set a stop loss @ 198.88 in case the stock turns against the trade. 199.46 is the first level of resistance above 197.12, and by rule, any break above resistance is a buy signal. In this case, 199.46, 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 199.46, target 195.25, Stop Loss @ 200.04. Details

The technical summary data is suggesting a short of AVY if it tests 199.46 with a downside target of 195.25. We should have a stop loss in place at 200.04 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, 199.46, 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 199.46, target n/a, Stop Loss @ 198.99 Details

If 199.46 begins to break higher, the technical summary data tells us to buy AVY just slightly over 199.46, with an upside target of n/a. The data also tells us to set a stop loss @ 198.99 in case the stock turns against the trade. 199.46 is the first level of resistance above 197.12, and by rule, any break above resistance is a buy signal. In this case, 199.46, 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 199.46, target 196.91, Stop Loss @ 199.93. Details

The technical summary data is suggesting a short of AVY if it tests 199.46 with a downside target of 196.91. We should have a stop loss in place at 199.93 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, 199.46, 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 Corporation (AVY) available here: AVY.

AVY Ratings for January 15:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	176.4
P2	195.35	191.62	188.26
P3	196.91	195.25	199.46

AI Generated Signals for AVY

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Avery Dennison Corporation (NYSE: AVY) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AVY can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.