The Greedy Trader Weekly Analysis
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- 5/15/2026 -
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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 overboughtStochastic has declined below the signal line
Daily :Bearish Harami CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Avago Technologies (AVGO). During the week, the AVGO dropped -4.81 points, or -1.12%, and closed at 425.19 on Friday, May 15, 2026. It was the worst weekly loss since March 27, 2026. Weekly volume was -26% below average.

AVGO is a member of Information Technology Sector. Information Technology is the second 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 442.36 on May 14, 2026. AVGO gained -313.86 points, or -244.25%, in 92 weeks. The price is now at the 5.47% 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 442.36 on May 14, 2026. AVGO gained -152.40 points, or -52.56%, in 6 weeks. The price is now at the 11.27% retracement level.

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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range 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. 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 May 14, 2026 at 442.36 and reached 419.80 on May 15, 2026. AVGO lost 22.56 points, or 5.10%, 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 May 1, 2026. 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.

Candlestick pattern: [See AVGO candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.52
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 61.27
Greed/Fear Indicator (GFI) 64.60
Moving Average Converg./Diverg. (MACD) 18.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.38
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.94
Strong Overbought
Greed/Fear Indicator (GFI) 82.25
Overbought
Moving Average Converg./Diverg. (MACD) 11.16
Trading Signals
Description Value Chart
Upper Bollinger Band 431.96
Weekly Stochastic Crossing 429.25
Daily Stochastic Crossing 426.30
Price 425.19
20 Day Moving Average 418.54
Parabolic System 410.23
Lower Bollinger Band 391.10
50 Day Moving Average 369.40
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Semiconductors 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 442.36
High Date 05/14/2026
Low 419.80
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 442.36
High Date 05/14/2026
Low 419.80
Low Date 05/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 289.96
Low Date 03/30/2026
High 442.36
High Date 05/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 08/05/2024
High 442.36
High Date 05/14/2026
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.