Taking everything into account, AVGO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVGO is showing a nice and steady performance.
Besides having an excellent technical rating, AVGO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
336.90
We found 3 important support areas.
- A support zone ranging from 375.84 to 380.60. 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 355.95 to 361.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @340.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @412.98 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 | UP | POSITIVE | The short term trend for AVGO is up. |
| ChartMill Relative Strength | 92.18 | POSITIVE | AVGO has a high relative strength, it outperformed 92.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVGO is above the rising 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) | 64.01 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.03 | POSITIVE | The MACD value suggests AVGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.58 | OVERBOUGHT | The high Stochastics value suggests AVGO may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.74 | NEGATIVE | The low ADX value for AVGO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 412.99 | 375.83 | 37.16 (9.00%) | 11.11% |
| An entry @412.99. This is a Buy Stop order right above the resistance zone. | An exit @375.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 37.16 points, which is 9.00%. | For a 1.00% total portfolio risk, you can invest 11.11% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
406.37
-6.6 (-1.6%)
BROADCOM INC / AVGO FAQ
Can you provide the ChartMill technical rating for BROADCOM INC?
ChartMill assigns a technical rating of 10 / 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 64.008. 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 3.02649, indicating a bullish trend.
Can you provide the short term momentum for BROADCOM INC?
The short term momentum for BROADCOM INC (AVGO) is positive.