LEVERAGE SHARES 2X AVGO (AVGG) Stock Technical Analysis
NASDAQ:AVGG - Nasdaq - US8829274377 - ETF - Currency: USD
Overall AVGG gets a technical rating of 5 out of 10. In the last year, AVGG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than AVGG.
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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month AVGG has a been trading in the 19.56 - 25.33 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AVGG has an average technical rating and the quality of the presented setup is also 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
21.82
24.78
2 important support areas can be observed.
- A support zone ranging from 22.48 to 22.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.04 to 22.04. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for AVGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVGG is up. |
| 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) | UP | POSITIVE | The current price of AVGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVGG is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 64.48 | NEUTRAL | The RSI value for AVGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests AVGG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.14 | OVERBOUGHT | The high Stochastics value suggests AVGG may be overbought. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for AVGG suggests a strong trend. |
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)
24.5333
+0.32 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.34%
1 Week11.26%
2 Weeks9.62%
1 Month20.5%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%4.94%
ATR Inc-12.27%
Range Today0.65
ADR(20)1.13
ADR(20)%4.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High25.33
10 Day Low21
20 Day High25.33
20 Day Low19.56
52 Week HighN/A
52 Week LowN/A
CS1 End22.74
CR1 StartN/A
Volume & EV
DER(3)1.74%
DER(5)0.55%
Volume12.90K
Volume Incr-29.17%
Vol(5)19.96K
Vol(50)35.64K