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Uptrend Broken SupportArchive - 10/18/2024 - Sign In to see current Signals. |
Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Avago Technologies (AVGO). During the week, the AVGO gave back -1.59 points, or -0.88%, and closed at 179.89 on Friday, October 18, 2024. Weekly volume was 119% above average. Long-term trend: [See AVGO long-term trend chart] A long-term uptrend had started on October 13, 2022 at 415.07 and reached 1851.62 on June 18, 2024. AVGO gained -1436.55 points, or -346.10%, in 87 weeks. The price is now at the 116.37% retracement level. Medium-term trend: [See AVGO medium-term trend chart] A medium-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. Weekly Technical Indicators: [See AVGO weekly technical indicators chart] Weekly Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index and 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 Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is below its signal line since July 12, 2024. 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 September 9, 2024 at 134.90 and reached 186.42 on October 9, 2024. AVGO gained -51.52 points, or -38.19%, in 30 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (190.91) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend. Daily Technical Indicators: [See AVGO daily technical indicators chart] Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since August 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. The distance between the Bollinger Bands is falling, and it was 10.81% on Friday. It is 91.33% 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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