BROADCOM INC (AVGO) Stock Technical Analysis
NASDAQ:AVGO - Nasdaq - US11135F1012 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to AVGO. Both in the recent history as in the last year, AVGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, AVGO did better than 91% of all other stocks.
AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. AVGO outperforms 89% of them.
AVGO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AVGO is performing more or less in line with the market.
AVGO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AVGO has an average volume of 27044100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AVGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for AVGO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
147.90
263.70
We found 3 important support areas.
- A support zone ranging from 242.96 to 244.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @153.78 from a trend line in the weekly time frame.
- Support @149.39 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 248.71 to 252.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @261.09 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 | 91.91 | POSITIVE | AVGO has a high relative strength, it outperformed 91.91% 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) | 60.81 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.35 | NEGATIVE | The MACD value suggests AVGO has a negative trend. |
| Stochastics (14,3) | 65.16 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.5 | POSITIVE | The high ADX value value for AVGO suggests a strong 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 |
|---|---|---|---|
| 252.02 | 242.95 | 9.07 (3.60%) | 25.00% |
| An entry @252.02. This is a Buy Stop order right above the resistance zone. | An exit @242.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.07 points, which is 3.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- 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.
248.7
-7.37 (-2.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.88%
1 Week0.72%
2 Weeks2.74%
1 Month6.9%
3 Month27.19%
6 Month10.63%
12 Month43.34%
2 Year186.71%
3 Year411.93%
5 Year688%
10 Year1770.91%
15 Year11709.1%
Volatility
ATR(14)8.26
ATR(20)%3.14%
ATR Inc2.33%
Range Today5.65
ADR(20)7.23
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.91
Mansfield2.56
10 Day High265.43
10 Day Low241.11
20 Day High265.43
20 Day Low221.6
52 Week High265.43
52 Week Low128.5
CS1 End244.27
CR1 Start248.71
Volume & EV
DER(3)3.09%
DER(5)2.61%
Volume19.03M
Volume Incr1.09%
Vol(5)22.97M
Vol(50)27.04M