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Archive
- 3/6/2026 -
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Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Avago Technologies (AVGO). During the week, the AVGO gained 10.93 points, or 3.42%, and closed at 330.48 on Friday, March 6, 2026. It was the best weekly gain since January 30, 2026. Weekly volume was 32% above average.
AVGO is a member of Information Technology Sector. Information Technology is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AVGO long-term trend chart]
A long-term uptrend had started on August 5, 2024 at 128.50 and reached 414.61 on December 10, 2025. AVGO gained -286.11 points, or -222.65%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 151.19 and resistance is at 452.97. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See AVGO medium-term trend chart]
A medium-term downtrend had started on December 10, 2025 at 414.61 and reached 295.30 on February 4, 2026. AVGO lost 119.31 points, or 28.78%, in 8 weeks. The price is now at the 29.49% retracement level.
 Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 12, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AVGO short-term trend chart]
A short-term downtrend had started on February 9, 2026 at 352.34 and reached 307.20 on March 2, 2026. AVGO lost 45.14 points, or 12.81%, in 21 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (304.44) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.
Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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