NASDAQ:AVGO - Nasdaq - US11135F1012 - Common Stock - Currency: USD
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.
Besides having an excellent technical rating, AVGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 246.05, a Stop Loss order could be placed below this zone.
148.08
We found 3 important support areas.
We found 1 important resistance area.
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 | 92.98 | POSITIVE | AVGO has a high relative strength, it outperformed 92.98% 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) | 61.41 | NEUTRAL | The RSI value for AVGO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.78 | NEGATIVE | The MACD value suggests AVGO has a negative trend. |
Stochastics (14,3) | 52.66 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
Average Directional Index/ADX (14) | 35.65 | POSITIVE | The high ADX value value for AVGO suggests a strong 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 |
---|---|---|---|
261.10 | 244.26 | 16.84 (6.45%) | 15.50% |
An entry @261.10. This is a Buy Stop order right above the resistance zone. | An exit @244.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 16.84 points, which is 6.45%. | When investing 15.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
251.26
+1.89 (+0.76%)