The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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Avago Technologies (AVGO) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Stochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Avago Technologies (AVGO). During the week, the AVGO climbed 0.34 points, or 0.09%, and closed at 368.79 on Friday, August 28, 2026. Weekly volume was -28% below average.

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 (400.12) 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 350.06 on August 26, 2026. AVGO lost 144.94 points, or 29.28%, in 12 weeks. The price is now at the 12.92% retracement level.

Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly technical indicators are neutral.

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 downtrend had started on August 10, 2026 at 432.73 and reached 350.06 on August 26, 2026. AVGO lost 82.67 points, or 19.10%, in 16 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. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 14, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.46
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 21.72
Greed/Fear Indicator (GFI) 24.55
Moving Average Converg./Diverg. (MACD) -5.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.75
Williams' Percentage Range (W%R) 79.60
Lane's Stochastic (%D-Slow) 35.75
Greed/Fear Indicator (GFI) 32.34
Moving Average Converg./Diverg. (MACD) 12.90
Trading Signals
Description Value Chart
Upper Bollinger Band 431.81
Yearly Trendline Support 400.12
20 Day Moving Average 391.06
50 Day Moving Average 386.11
Weekly Stochastic Crossing 383.14
Parabolic System 380.29
Price 368.79
Daily Stochastic Crossing 357.15
Lower Bollinger Band 329.11
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Semiconductors 22
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 350.06
Low Date 08/26/2026
High 376.59
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 432.73
High Date 08/10/2026
Low 350.06
Low Date 08/26/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 495.00
High Date 06/03/2026
Low 350.06
Low Date 08/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 08/05/2024
High 495.00
High Date 06/03/2026
Description Value
Direction Down
Chart Pattern Rising Channel
Status Broken Support
Resistance 533.32
Support 400.12
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.