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Semiconductors Industry Stocks Technical Analysis - AVGOArchive
- 12/13/2024 -
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Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 3 consecutive negative weeks for the Avago Technologies (AVGO). During the week, the AVGO gained 45.27 points, or 25.22%, and closed at 224.80 on Friday, December 13, 2024. It was the best weekly gain since July 5, 2024. Weekly volume was 271% above average.
 Long-term trend: [See AVGO long-term trend chart]
A long-term downtrend had started on June 18, 2024 at 1851.62 and reached 128.50 on August 5, 2024. AVGO lost 1723.12 points, or 93.06%, in 6 weeks. The price is now at the 5.59% retracement level.
 Medium-term trend: [See AVGO medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 128.50 and reached 228.70 on December 13, 2024. AVGO gained -100.20 points, or -77.98%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (164.50) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 25, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See AVGO short-term trend chart]
A short-term uptrend had started on November 27, 2024 at 157.54 and reached 228.70 on December 13, 2024. AVGO gained -71.16 points, or -45.17%, in 16 days. The price is now at the 5.48% retracement level.
 Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since December 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 24.66% on Friday. It is 80.18% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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