Avery Dennison Corp

AVY is in an early, fragile Stage 1 consolidation at a well‐defined long‐term support zone. With Mean Reversion Eligible = Yes, the medium-term bias shifts bullish for a potential counter-trend rally, but short-term action remains range-bound with no clear entry trigger. We will stalk for a pullback into the lower range/support area for better risk asymmetry.

• ↑Q1 revenue rose 7% YoY to $1.67B; adjusted EPS $2.47.
• ↑Adjusted EBITDA margin held at 16.4% despite inflationary pressures.
• ↓Apparel volumes fell low-to-mid single digits amid muted consumer demand.