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Advanced TA SearchArchive
- 9/15/2023 -
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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 -5.87 points, or -0.68%, and closed at 851.68 on Friday, September 15, 2023. AVGO was trading at average weekly trading volume.
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 October 13, 2022 at 415.07 and reached 923.67 on August 31, 2023. AVGO gained -508.60 points, or -122.53%, in 46 weeks. The price is now at the 14.15% retracement level.
Medium-term trend: [See AVGO medium-term trend chart]
A medium-term uptrend had started on August 18, 2023 at 812.00 and reached 923.67 on August 31, 2023. AVGO gained -111.67 points, or -13.75%, in 1 weeks. The price is now at the 64.47% retracement level.
 Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 18, 2023. The distance between MACD and the signal line is low, but getting bigger. 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 September 14, 2023 at 876.67 and reached 842.90 on September 15, 2023. AVGO lost 33.77 points, or 3.85%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See AVGO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 7, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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