USA - NASDAQ:AVGO - US11135F1012 - Common Stock
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.
AVGO has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
321.37
2 important support areas can be observed.
When analyzing the resistance we notice one important 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 | NEUTRAL | NEUTRAL | The short term trend for AVGO is neutral. |
| ChartMill Relative Strength | 93.27 | POSITIVE | AVGO has a high relative strength, it outperformed 93.27% 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) | 48.37 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.91 | NEGATIVE | The MACD value suggests AVGO has a negative trend. |
| Stochastics (14,3) | 37.58 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 13 | NEGATIVE | The low ADX value for AVGO suggests a weak or negative trend. |
349.43
-6.16 (-1.73%)
ChartMill assigns a technical rating of 10 / 10 to AVGO.
The current trend direction for BROADCOM INC (AVGO) is Bullish.
BROADCOM INC (AVGO) has an RSI value of 48.3655. This indicates that the stock is currently neutral.
The MACD indicator for BROADCOM INC (AVGO) has a value of -1.91469, indicating a bearish trend.
The short term momentum for BROADCOM INC (AVGO) is neutral.