Traders are watching this Rectangle on AVY. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Consolidation. Can break either way.
A clear signal has emerged for Avery Dennison (AVY) on the daily chart. With a last close of $158.68, volatility remains active (-0.55%). The primary technical feature is a Bearish Flag formation. Volume is average (0.96x avg) with moderate trend strength (2.0). A potential breakout level is identified at $152.42, targeting $128.74 with support near $163.78 (R:R 2.08).
What is your outlook on AVY?