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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 3/13/2026 -
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Avago Technologies (AVGO) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Avago Technologies (AVGO). During the week, the AVGO dropped -8.32 points, or -2.52%, and closed at 322.16 on Friday, March 13, 2026. Weekly volume was 13% above average.

AVGO is a member of Information Technology Sector. Information Technology is the second most oversold 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 414.61 on December 10, 2025. AVGO gained -286.11 points, or -222.65%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 151.47 and resistance is at 456.28. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AVGO medium-term trend chart]
A medium-term downtrend had started on December 10, 2025 at 414.61 and reached 295.30 on February 4, 2026. AVGO lost 119.31 points, or 28.78%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (313.50) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since December 12, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 2, 2026 at 307.20 and reached 353.14 on March 10, 2026. AVGO gained -45.94 points, or -14.95%, in 8 days. The price is now at the 67.44% retracement level.

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

The daily MACD line is above its signal line since March 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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) 45.47
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 68.02
Greed/Fear Indicator (GFI) 59.94
Moving Average Converg./Diverg. (MACD) -0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.70
Williams' Percentage Range (W%R) 64.50
Lane's Stochastic (%D-Slow) 46.74
Greed/Fear Indicator (GFI) 43.24
Moving Average Converg./Diverg. (MACD) 9.50
Trading Signals
Description Value Chart
Parabolic System 353.49
Upper Bollinger Band 348.03
Daily Stochastic Crossing 337.28
50 Day Moving Average 333.06
20 Day Moving Average 329.44
Weekly Stochastic Crossing 324.56
Price 322.16
Monthly Trendline Resistance 316.53
Lower Bollinger Band 313.98
Monthly Trendline Support 313.50
Sector and Industry
Description Name Rank
Sector Information Technology 2
Industry Semiconductors 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 353.14
High Date 03/10/2026
Low 321.43
Low Date 03/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 307.20
Low Date 03/02/2026
High 353.14
High Date 03/10/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 316.53
Support 313.50
High 414.61
High Date 12/10/2025
Low 295.30
Low Date 02/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 456.28
Support 151.47
Low 128.50
Low Date 08/05/2024
High 414.61
High Date 12/10/2025
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.