Overall AVGO gets a technical rating of 4 out of 10. AVGO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
AVGO has an average technical rating and it also does not offer a high quality setup 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
322.75
When analyzing the support we can see 2 important areas.
- Support @340.19 from a horizontal line in the weekly time frame.
- Support @326.01 from a horizontal line in the daily time frame.
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 AVGO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVGO is down. |
| ChartMill Relative Strength | 87.05 | POSITIVE | AVGO has a high relative strength, it outperformed 87.05% 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) | 41.4 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -7.94 | NEGATIVE | The MACD value suggests AVGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.45 | OVERSOLD | The low Stochastics value suggests AVGO may be oversold. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for AVGO suggests high volalility. |
| Average Directional Index/ADX (14) | 20.32 | NEUTRAL | The ADX value for AVGO suggests a possible start of a new trend. |
340.36
+10.48 (+3.18%)
BROADCOM INC / AVGO FAQ
Can you provide the ChartMill technical rating for BROADCOM INC?
ChartMill assigns a technical rating of 4 / 10 to AVGO.
What is the trend direction for AVGO stock?
The current trend direction for BROADCOM INC (AVGO) is Bullish.
What is the RSI signal for AVGO stock?
BROADCOM INC (AVGO) has an RSI value of 41.4002. This indicates that the stock is currently neutral.
What is the MACD signal for AVGO stock?
The MACD indicator for BROADCOM INC (AVGO) has a value of -7.93608, indicating a bearish trend.
Can you provide the short term momentum for BROADCOM INC?
The short term momentum for BROADCOM INC (AVGO) is negative.