The Greedy Trader Weekly Analysis
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- 10/23/2026 -
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Avago Technologies (AVGO) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Avago Technologies (AVGO). During the week, the AVGO dropped -7.07 points, or -2.15%, and closed at 321.68 on Friday, October 23, 2026. Weekly volume was -27% below average.

AVGO is a member of Information Technology Sector. Information Technology is the most overbought 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 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 chart has formed a Rising Channel chart pattern. The downtrend support line (425.87) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a long-term trend.

Medium-term trend: [See AVGO medium-term trend chart]
A medium-term downtrend had started on June 3, 2026 at 495.00 and reached 320.23 on October 23, 2026. AVGO lost 174.77 points, or 35.31%, in 20 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (325.11) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.

Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 18, 2026. This is an indication that the medium-term trend is down. 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 October 6, 2026 at 380.84 and reached 320.23 on October 23, 2026. AVGO lost 60.61 points, or 15.91%, in 17 days. Price is near the trend low.

Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

The daily MACD line is below its signal line since October 14, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.58
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 11.78
Oversold
Greed/Fear Indicator (GFI) 14.15
Oversold
Moving Average Converg./Diverg. (MACD) -6.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.02
Williams' Percentage Range (W%R) 99.30
Strong Oversold
Lane's Stochastic (%D-Slow) 18.32
Oversold
Greed/Fear Indicator (GFI) 20.12
Moving Average Converg./Diverg. (MACD) 0.38 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 375.24
Monthly Trendline Resistance 363.14
50 Day Moving Average 356.76
Parabolic System 351.20
20 Day Moving Average 348.71
Weekly Stochastic Crossing 330.79
Monthly Trendline Support 325.11
Daily Stochastic Crossing 324.18
Price 321.68
Lower Bollinger Band 314.94
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Semiconductors 59
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 380.84
High Date 10/06/2026
Low 320.23
Low Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 432.73
High Date 08/10/2026
Low 320.23
Low Date 10/23/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 363.14
Support 325.11
High 495.00
High Date 06/03/2026
Low 320.23
Low Date 10/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 08/05/2024
High 495.00
High Date 06/03/2026
Description Value
Direction Down
Chart Pattern Rising Channel
Status Broken Support
Resistance 559.07
Support 425.87
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.