344.97 USD
+12.49 (+3.76%)
338.75 USD
-6.22 (-1.8%)
Taking everything into account, AVGO scores 4 out of 10 in our technical rating. In the last year, AVGO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month AVGO has a been trading in the 321.42 - 409.30 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
When comparing the yearly performance of all stocks, we notice that AVGO is one of the better performing stocks in the market, outperforming 86% of all stocks.
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 30633800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, AVGO did better than 58% of them.
AVGO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 340.19, a Stop Loss order could be placed below this zone.
More info and screens
322.75
355.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 335.24 to 340.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 326.01 to 327.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 345.32 to 352.14. 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 | 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 | 86.53 | POSITIVE | AVGO has a high relative strength, it outperformed 86.53% 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) | 45.87 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests AVGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.72 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.36 | NEGATIVE | The low ADX value for AVGO suggests a weak or negative 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)
344.97
+12.49 (+3.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.76%
1 Week-0.76%
2 Weeks-1.5%
1 Month-16.47%
3 Month6.27%
6 Month25.73%
12 Month53.79%
2 Year192.35%
3 Year489.68%
5 Year665.75%
10 Year2479.99%
15 Year11915.7%
Volatility
ATR(14)10.52
ATR(20)%4.23%
ATR Inc25.45%
Range Today13.89
ADR(20)12.91
ADR(20)%3.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.53
3 months CRS65.94
6 months CRS84.52
Mansfield1.28
10 Day High360.66
10 Day Low330.5
20 Day High409.3
20 Day Low321.42
52 Week High414.61
52 Week Low138.1
CS1 End340.19
CR1 Start345.32
Volume & EV
DER(3)1.36%
DER(5)1.24%
Volume22.48M
Volume Incr-40.43%
Vol(5)25.08M
Vol(50)30.63M
BROADCOM INC / AVGO FAQ
Can you provide the ChartMill technical rating for BROADCOM INC?
ChartMill assigns a technical rating of 4 / 10 to AVGO.
Can you provide the trend direction for BROADCOM INC?
The current trend direction for BROADCOM INC (AVGO) is Bullish.
Can you provide the RSI signal for BROADCOM INC?
BROADCOM INC (AVGO) has an RSI value of 45.8663. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BROADCOM INC?
The short term momentum for BROADCOM INC (AVGO) is negative.
What is the buy/sell signal for AVGO stock?
The buy/sell signal for BROADCOM INC (AVGO) is hold as the short term and long term trends are mixed.