Avery Dennison Corp

AVY remains in a distribution phase with a bearish medium-term bias validated by its position below key moving averages and a failed reclaim of short-term EMAs after a test of the 200-day SMA. Short-term momentum shows a bounce at support but price remains under the 9/20 EMAs, signaling supply into rallies. Execution now favors sell-side participation on any rally toward the 50-day SMA/20-day EMA resistance band, as the long-term downtrend below the 200-day SMA persists.

• ↑Q2 revenue $2.46B, +10.9% YoY, led by logistics and food
• ↑Organic sales rose 8%, reflecting strong core performance
• ↓Raw material inflation driving high single-digit cost increases, pressuring margins