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Downtrend ExhaustionArchive
- 4/4/2025 -
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Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Avago Technologies (AVGO). During the week, the AVGO dropped -22.80 points, or -13.48%, and closed at 146.30 on Friday, April 4, 2025. It was the worst weekly loss since January 31, 2025. Weekly volume was 82% above average.
AVGO is a member of Information Technology Sector. Information Technology is the 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 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 139.20 on April 4, 2025. AVGO lost 112.70 points, or 44.74%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (159.95) 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 above its signal line since October 25, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 2, 2025 at 173.40 and reached 139.20 on April 4, 2025. AVGO lost 34.20 points, or 19.72%, in 2 days. The price is now at the 20.76% retracement level.
 Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since March 26, 2025. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 38.58% on Friday. It is 69.69% 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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