Overall AVGG gets a technical rating of 0 out of 10. AVGG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
AVGG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.70. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AVGG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.39
3 important support areas can be observed.
- Support @26.69 from a horizontal line in the weekly time frame.
- Support @25.14 from a trend line in the daily time frame.
- Support @24.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.70 to 29.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AVGG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVGG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | AVGG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVGG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.79 | NEUTRAL | The RSI value for AVGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AVGG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36 | NEUTRAL | The Stochastics value for AVGG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.86 | HIGH VOLATILITY | The high ATR as a percentage value for AVGG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for AVGG suggests a weak or negative trend. |
26.7
+1.81 (+7.27%)
LEVERAGE SHARES 2X AVGO / AVGG FAQ
What is the technical rating for AVGG stock?
ChartMill assigns a technical rating of 0 / 10 to AVGG.
What is the trend direction for AVGG stock?
The current trend direction for LEVERAGE SHARES 2X AVGO (AVGG) is Bearish.
Can you provide the RSI signal for LEVERAGE SHARES 2X AVGO?
LEVERAGE SHARES 2X AVGO (AVGG) has an RSI value of 42.7875. This indicates that the stock is currently neutral.
What is the support and resistance level for AVGG stock?
LEVERAGE SHARES 2X AVGO (AVGG) has a support level at 26.69 and a resistance level at 28.7. Check the full technical report for our detailed analysis of AVGG support and resistance levels.