The Greedy Trader Weekly Analysis
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Avago Technologies (AVGO)

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Avago Technologies (AVGO). During the week, the AVGO gained 15.08 points, or 3.22%, and closed at 483.15 on Friday, July 23, 2021. It was the best weekly gain since May 28, 2021. Weekly volume was -20% 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 uptrend had started on March 18, 2020 at 155.67 and reached 495.13 on February 19, 2021. AVGO gained -339.46 points, or -218.06%, in 48 weeks. Price is near the trend high.

Medium-term trend: [See AVGO medium-term trend chart]
A medium-term uptrend had started on May 12, 2021 at 419.14 and reached 494.02 on July 12, 2021. AVGO gained -74.88 points, or -17.87%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (491.92) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.

Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 below its signal line since March 5, 2021. The distance between MACD and the signal line is low and getting smaller. 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 July 19, 2021 at 457.59 and reached 483.58 on July 23, 2021. AVGO gained -25.99 points, or -5.68%, in 4 days. Price is near the trend high.

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

The daily MACD line is below its signal line since July 15, 2021. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.01
Williams' Percentage Range (W%R) 36.50
Lane's Stochastic (%D-Slow) 47.38
Greed/Fear Indicator (GFI) 57.29
Moving Average Converg./Diverg. (MACD) 2.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.70
Williams' Percentage Range (W%R) 18.70
Overbought
Lane's Stochastic (%D-Slow) 81.34
Overbought
Greed/Fear Indicator (GFI) 72.09
Moving Average Converg./Diverg. (MACD) 15.37
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 499.64
Quarterly Trendline Support 491.92
Weekly Stochastic Crossing 487.19
Upper Bollinger Band 486.85
Price 483.15
Daily Stochastic Crossing 476.06
20 Day Moving Average 474.49
50 Day Moving Average 466.56
Lower Bollinger Band 461.03
Parabolic System 457.13
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 457.59
Low Date 07/19/2021
High 483.58
High Date 07/23/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 457.59
Low Date 07/19/2021
High 483.58
High Date 07/23/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 494.02
High Date 07/12/2021
Low 457.59
Low Date 07/19/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 499.64
Support 491.92
Low 419.14
Low Date 05/12/2021
High 494.02
High Date 07/12/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.67
Low Date 03/18/2020
High 495.13
High Date 02/19/2021
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.

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