BROADCOM INC (AVGO)
US11135F1012 - Common Stock
We assign a technical rating of 9 out of 10 to AVGO. Both in the recent history as in the last year, AVGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that AVGO is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by AVGO over the past year are nicely spread over this period.
AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 107 other stocks in this industry. AVGO outperforms 90% of them.
AVGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AVGO is lagging the market slightly.
AVGO has an average volume of 3034190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AVGO has a been trading in the 1197.56 - 1391.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although AVGO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1,158.51
1,421.09
We found 4 important support areas.
- A support zone ranging from 1281.39 to 1308.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1226.55 to 1247.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1204.70 to 1204.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1170.21 to 1180.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @1363.21 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1399.18 to 1407.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.85
Mansfield1.69
10 Day High1355.83
10 Day Low1223.31
20 Day High1391.87
20 Day Low1197.56
52 Week High1438.17
52 Week Low628.47
Performance
1 Week6.64%
2 Weeks5.45%
1 Month0.23%
3 Month3.27%
6 Month38.42%
12 Month109.99%
2 Year128.46%
3 Year180.6%
5 Year426.69%
10 Year1775.44%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)4.03
RSI(14)54.27
LBB1194.83
UBB1363.87
BROADCOM INC
NASDAQ:AVGO (5/8/2024, 7:00:00 PM)
After market: 1318.5 -6.87 (-0.52%)1325.37
+22.26 (+1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg1.71%
1 Week6.64%
2 Weeks5.45%
1 Month0.23%
3 Month3.27%
6 Month38.42%
12 Month109.99%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)43.65
ATR(20)%3.47%
ATR Inc
Range Today49.42
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1355.83
10 Day Low1223.31
20 Day High1391.87
20 Day Low1197.56
52 Week High1438.17
52 Week Low628.47
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.39M
Volume Incr-19.93%
Vol(5)1.94M
Vol(50)3.03M