BROADCOM INC (AVGO) Stock Technical Analysis
NASDAQ:AVGO - US11135F1012 - Common Stock
297.39 USD
-11.26 (-3.65%)
297.258 USD
-0.13 (-0.04%)
Overall AVGO gets a technical rating of 10 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, AVGO did better than 92% of all other stocks. We also observe that the gains produced by AVGO over the past year are nicely spread over this period.
AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. AVGO outperforms 89% of them.
AVGO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
AVGO has an average volume of 18805500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AVGO has a been trading in the 281.87 - 317.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AVGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 293.99, a Stop Loss order could be placed below this zone. 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
155.56
315.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 287.25 to 293.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @157.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 297.40 to 300.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @312.84 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 | NEUTRAL | NEUTRAL | The short term trend for AVGO is neutral. |
| ChartMill Relative Strength | 92.48 | POSITIVE | AVGO has a high relative strength, it outperformed 92.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVGO is below 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) | 51.46 | 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. |
| Stochastics (14,3) | 57.01 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.17 | 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)
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 |
|---|---|---|---|
| 300.93 | 287.24 | 13.69 (4.55%) | 21.98% |
| An entry @300.93. This is a Buy Stop order right above the resistance zone. | An exit @287.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 13.69 points, which is 4.55%. | For a 1.00% total portfolio risk, you can invest 21.98% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AVGO. Please evaluate whether better entry and exit points can be found.
- 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.
297.39
-11.26 (-3.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-3.65%
1 Week1.15%
2 Weeks-2.92%
1 Month3.03%
3 Month22.85%
6 Month49.12%
12 Month82.65%
2 Year222.24%
3 Year495.84%
5 Year756.66%
10 Year2260.8%
15 Year14658.8%
Volatility
ATR(14)9.91
ATR(20)%3.23%
ATR Inc43.73%
Range Today13.35
ADR(20)9.09
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.48
Mansfield2.6
10 Day High311
10 Day Low281.87
20 Day High317.35
20 Day Low281.87
52 Week High317.35
52 Week Low134.9
CS1 End293.99
CR1 Start297.4
Volume & EV
DER(3)0.26%
DER(5)-0.38%
Volume21.61M
Volume Incr7.53%
Vol(5)19.03M
Vol(50)18.81M