The Greedy Trader Weekly Analysis
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Weekly RSI:> 80
Number of records: 3
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 6/20/2025 -
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Avago Technologies (AVGO) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend support at 250.18
Daily :Trend support at 250.19The period of low volatility of the stock price
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It was a ninth consecutive positive week for the Avago Technologies (AVGO). During the week, the AVGO climbed 1.29 points, or 0.52%, and closed at 249.99 on Friday, June 20, 2025. Weekly volume was 10% 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 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 price is now at the 7.05% retracement level.

Medium-term trend: [See AVGO medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 138.10 and reached 265.43 on June 4, 2025. AVGO gained -127.33 points, or -92.20%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (250.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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. 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 uptrend had started on June 9, 2025 at 241.11 and reached 257.89 on June 12, 2025. AVGO gained -16.78 points, or -6.96%, in 3 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (250.19) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 6, 2025.

The distance between the Bollinger Bands is falling, and it was 13.86% on Friday. It is 89.34% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.16
Williams' Percentage Range (W%R) 31.10
Lane's Stochastic (%D-Slow) 44.91
Greed/Fear Indicator (GFI) 56.65
Moving Average Converg./Diverg. (MACD) 10.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.59
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 92.05
Strong Overbought
Greed/Fear Indicator (GFI) 80.96
Overbought
Moving Average Converg./Diverg. (MACD) -39.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 288.05
Upper Bollinger Band 261.12
Parabolic System 260.37
Weekly Stochastic Crossing 257.86
Weekly Trendline Resistance 255.08
Weekly Trendline Support 250.19
Monthly Trendline Support 250.18
Price 249.99
Daily Stochastic Crossing 249.37
20 Day Moving Average 247.06
Lower Bollinger Band 226.50
50 Day Moving Average 218.29
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Semiconductors 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 255.64
High Date 06/18/2025
Low 244.17
Low Date 06/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 255.08
Support 250.19
Low 241.11
Low Date 06/09/2025
High 257.89
High Date 06/12/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 288.05
Support 250.18
Low 138.10
Low Date 04/07/2025
High 265.43
High Date 06/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 08/05/2024
High 265.43
High Date 06/04/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1851.62
High Date 06/18/2024
Low 128.50
Low Date 08/05/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.