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Uptrend Broken SupportArchive
- 8/7/2026 -
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Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Avago Technologies (AVGO). During the week, the AVGO gained 38.48 points, or 9.88%, and closed at 427.76 on Friday, August 7, 2026. Weekly volume was -29% below average.
 Long-term trend: [See AVGO long-term trend chart]
A long-term uptrend had started on March 30, 2026 at 289.96 and reached 495.00 on June 3, 2026. AVGO gained -205.04 points, or -70.71%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The uptrend resistance line (334.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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 356.43 on July 2, 2026. AVGO lost 138.57 points, or 27.99%, in 4 weeks. The price is now at the 51.48% retracement level.
 Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic 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. 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 uptrend had started on July 2, 2026 at 356.43 and reached 430.84 on August 7, 2026. AVGO gained -74.41 points, or -20.88%, in 36 days. The chart has formed a Symmetric Triangle chart pattern.
 Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since July 29, 2026. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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