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Semiconductors Industry Stocks Technical Analysis - AVGO

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- 5/2/2025 -
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Avago Technologies (AVGO) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe period of low volatility of the stock price
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It was a second consecutive positive week for the Avago Technologies (AVGO). During the week, the AVGO gained 11.34 points, or 5.90%, and closed at 203.64 on Friday, May 2, 2025. Weekly volume was -18% below 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. Price is near the trend low.

Medium-term trend: [See AVGO medium-term trend chart]
A medium-term downtrend had started on December 16, 2024 at 251.90 and reached 138.10 on April 7, 2025. AVGO lost 113.80 points, or 45.18%, in 16 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 116.76 and resistance is at 212.45. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 25, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 April 7, 2025 at 138.10 and reached 205.68 on May 2, 2025. AVGO gained -67.58 points, or -48.94%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 8, 2025. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is falling, and it was 28.99% on Friday. It is 77.47% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.10
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 94.37
Strong Overbought
Greed/Fear Indicator (GFI) 86.95
Overbought
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.83
Williams' Percentage Range (W%R) 42.20
Lane's Stochastic (%D-Slow) 37.79
Greed/Fear Indicator (GFI) 47.16
Moving Average Converg./Diverg. (MACD) -72.41
Trading Signals
Description Value Chart
Upper Bollinger Band 214.01
Monthly Trendline Resistance 212.45
Daily Stochastic Crossing 203.80
Price 203.64
50 Day Moving Average 184.55
20 Day Moving Average 178.45
Parabolic System 173.17
Weekly Stochastic Crossing 168.76
Lower Bollinger Band 154.95
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Semiconductors 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 161.61
Low Date 04/21/2025
High 205.68
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 138.10
Low Date 04/07/2025
High 205.68
High Date 05/02/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 212.45
Support 116.76
High 251.90
High Date 12/16/2024
Low 138.10
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 08/05/2024
High 251.90
High Date 12/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1851.62
High Date 06/18/2024
Low 128.50
Low Date 08/05/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.