BROADCOM INC (AVGO) Technical Analysis
NASDAQ:AVGO • US11135F1012
Current stock price
322.51 USD
+12 (+3.86%)
At close:
322.8 USD
+0.29 (+0.09%)
After Hours:
AVGO Technical Rating and Analysis
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.
- In the last month AVGO has a been trading in the 307.20 - 353.14 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 90% of all stocks.
- AVGO has an average volume of 27326800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, AVGO did better than 56% of them.
- AVGO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVGO is lagging the market slightly.
AVGO Weekly and Daily overview Charts
AVGO Setup Rating and Analysis
Although the technical rating is bad, AVGO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 312.90, a Stop Loss order could be placed below this zone.
More info and screens
AVGO Support and Resistance Analysis
160.47
355.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 308.04 to 312.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @162.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 322.52 to 334.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 343.94 to 345.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @352.13 from a horizontal line in the daily time frame.
AVGO Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for AVGO is down. |
| ChartMill Relative Strength | 90.58 | POSITIVE | AVGO has a high relative strength, it outperformed 90.58% 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 | MIXED | The current price of AVGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.33 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.23 | NEGATIVE | The MACD value suggests AVGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.89 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.93 | NEGATIVE | The low ADX value for AVGO suggests a weak or negative trend. |
AVGO Chart- and CandleStick Pattern Analysis
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)
AVGO Technicals: Chart, Performance Metrics, Trend & Indicators
322.51
+12 (+3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg3.86%
1 Week-0.74%
2 Weeks-6.72%
1 Month-2.37%
3 Month-8.41%
6 Month-3.59%
12 Month90.7%
2 Year143.33%
3 Year402.71%
5 Year595.57%
10 Year1987.44%
15 Year10270.1%
Volatility
ATR(14)13.44
ATR(20)%4.26%
ATR Inc4.33%
Range Today11.55
ADR(20)12.35
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.58
3 months CRS31.28
6 months CRS41.72
Mansfield0.54
10 Day High353.14
10 Day Low308.51
20 Day High353.14
20 Day Low307.2
52 Week High414.61
52 Week Low138.1
CS1 End312.9
CR1 Start322.52
Volume & EV
DER(3)0.92%
DER(5)-0.13%
Volume27.36M
Volume Incr16.24%
Vol(5)31.50M
Vol(50)27.33M
BROADCOM INC / AVGO TA FAQ
Can you provide the ChartMill technical rating for BROADCOM INC?
ChartMill assigns a technical rating of 3 / 10 to AVGO.
Can you provide the trend direction for BROADCOM INC?
The current trend direction for BROADCOM INC (AVGO) is Bearish.
Can you provide the RSI signal for BROADCOM INC?
BROADCOM INC (AVGO) has an RSI value of 47.3342. 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.