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Uptrend Broken SupportArchive
- 10/9/2026 -
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Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Avago Technologies (AVGO). During the week, the AVGO gained 6.40 points, or 1.80%, and closed at 361.54 on Friday, October 9, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -12% 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 (419.27) is broken. Usually a broken support is considered to be a long-term bearish 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 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 335.81 on September 16, 2026. AVGO lost 159.19 points, or 32.16%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 329.08 and resistance is at 374.52. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 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 uptrend had started on September 16, 2026 at 335.81 and reached 380.84 on October 6, 2026. AVGO gained -45.03 points, or -13.41%, in 20 days. The price is now at the 42.86% retracement level.
 Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since September 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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