The Greedy Trader Weekly Analysis
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Daily D%-Slow:> 80
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 9/15/2023 -
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Avago Technologies (AVGO) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overbought
Daily :Price 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 gave back -5.87 points, or -0.68%, and closed at 851.68 on Friday, September 15, 2023. 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 October 13, 2022 at 415.07 and reached 923.67 on August 31, 2023. AVGO gained -508.60 points, or -122.53%, in 46 weeks. The price is now at the 14.15% retracement level.

Medium-term trend: [See AVGO medium-term trend chart]
A medium-term uptrend had started on August 18, 2023 at 812.00 and reached 923.67 on August 31, 2023. AVGO gained -111.67 points, or -13.75%, in 1 weeks. The price is now at the 64.47% retracement level.

Weekly Technical Indicators: [See AVGO weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 18, 2023. The distance between MACD and the signal line is low, but getting bigger. 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 September 14, 2023 at 876.67 and reached 842.90 on September 15, 2023. AVGO lost 33.77 points, or 3.85%, 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 September 7, 2023. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.97
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 23.93
Greed/Fear Indicator (GFI) 41.40
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.36
Williams' Percentage Range (W%R) 17.20
Overbought
Lane's Stochastic (%D-Slow) 43.19
Greed/Fear Indicator (GFI) 58.74
Moving Average Converg./Diverg. (MACD) 70.82
Trading Signals
Description Value Chart
Parabolic System 907.70
Upper Bollinger Band 903.72
50 Day Moving Average 874.54
Weekly Stochastic Crossing 865.47
20 Day Moving Average 865.36
Price 851.68
Daily Stochastic Crossing 849.48
Lower Bollinger Band 824.39
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Semiconductors 62
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 876.67
High Date 09/14/2023
Low 842.90
Low Date 09/15/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 876.67
High Date 09/14/2023
Low 842.90
Low Date 09/15/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 923.67
High Date 08/31/2023
Low 840.52
Low Date 09/07/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 812.00
Low Date 08/18/2023
High 923.67
High Date 08/31/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 415.07
Low Date 10/13/2022
High 923.67
High Date 08/31/2023
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.