NASDAQ:AVGO • US11135F1012
We assign a technical rating of 3 out of 10 to AVGO. Although AVGO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, AVGO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
167.83
We found 3 important support areas.
We can see 2 important resistance areas.
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 AVGO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVGO is neutral. |
| ChartMill Relative Strength | 76.51 | POSITIVE | AVGO has a high relative strength, it outperformed 76.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.78 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.56 | POSITIVE | The MACD value suggests AVGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.15 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.6 | NEGATIVE | The low ADX value for AVGO suggests a weak or negative trend. |
325.17
-6 (-1.81%)
ChartMill assigns a technical rating of 3 / 10 to AVGO.
The current trend direction for BROADCOM INC (AVGO) is Bearish.
BROADCOM INC (AVGO) has an RSI value of 44.7849. This indicates that the stock is currently neutral.
The short term momentum for BROADCOM INC (AVGO) is neutral.