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Uptrend Broken SupportArchive
- 6/12/2026 -
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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 gave back -3.66 points, or -0.95%, and closed at 382.07 on Friday, June 12, 2026. Weekly volume was 39% above 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 uptrend had started on August 5, 2024 at 128.50 and reached 495.00 on June 3, 2026. AVGO gained -366.50 points, or -285.21%, in 95 weeks. The price is now at the 30.81% retracement level.
 Medium-term trend: [See AVGO medium-term trend chart]
A medium-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 Rising Channel chart pattern. The uptrend support line (471.73) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AVGO may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since April 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 June 3, 2026 at 495.00 and reached 370.33 on June 9, 2026. AVGO lost 124.67 points, or 25.19%, in 6 days. The price is now at the 9.42% retracement level.
 Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since June 4, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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