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Archive
- 5/29/2026 -
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Avago Technologies (AVGO) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Avago Technologies (AVGO). During the week, the AVGO gained 32.63 points, or 7.88%, and closed at 446.77 on Friday, May 29, 2026. 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 August 5, 2024 at 128.50 and reached 448.90 on May 29, 2026. AVGO gained -320.40 points, or -249.34%, in 94 weeks. Price is near the trend high.
 Medium-term trend: [See AVGO medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 289.96 and reached 448.90 on May 29, 2026. AVGO gained -158.94 points, or -54.81%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 436.09 and resistance is at 450.16. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 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 uptrend had started on May 19, 2026 at 405.86 and reached 448.90 on May 29, 2026. AVGO gained -43.04 points, or -10.60%, in 10 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 May 1, 2026. 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (7.75%) is close to one year low (7.15%). It is 53.82% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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