BROADCOM INC (AVGO) Technical Analysis
NASDAQ:AVGO • US11135F1012
Current stock price
AVGO Technical Rating and Analysis
Overall AVGO gets a technical rating of 10 out of 10. AVGO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that AVGO is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, AVGO also shows a nice and consistent pattern of rising prices.
- 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.
- In the last month AVGO has a been trading in the 289.96 - 399.68 range, which is quite wide. It is currently trading near the high of this range.
- AVGO has an average volume of 26489500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, AVGO did better than 53% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AVGO Weekly and Daily overview Charts
AVGO Setup Rating and Analysis
Although AVGO has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
AVGO Support and Resistance Analysis
285.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 331.46 to 340.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @309.76 from a trend line in the weekly time frame.
- Support @294.44 from a trend line in the daily time frame.
- Support @288.64 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @412.98 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 | UP | POSITIVE | The short term trend for AVGO is up. |
| ChartMill Relative Strength | 93.03 | POSITIVE | AVGO has a high relative strength, it outperformed 93.03% 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) | 77.36 | OVERBOUGHT | The high RSI value suggests AVGO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 9.29 | POSITIVE | The MACD value suggests AVGO has a positive trend. |
| Stochastics (14,3) | 98.98 | OVERBOUGHT | The high Stochastics value suggests AVGO may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.69 | POSITIVE | The high ADX value value for AVGO suggests a strong trend. |
AVGO Chart- and CandleStick Pattern Analysis
AVGO Technicals: Chart, Performance Metrics, Trend & Indicators
398.47
+1.75 (+0.44%)
BROADCOM INC / AVGO TA FAQ
Can you provide the ChartMill technical rating for BROADCOM INC?
ChartMill assigns a technical rating of 10 / 10 to AVGO.
Can you provide the trend direction for BROADCOM INC?
The current trend direction for BROADCOM INC (AVGO) is Bearish.
What is the RSI signal for AVGO stock?
BROADCOM INC (AVGO) has an RSI value of 77.3628. This indicates that the stock is currently overbought.
What is the MACD signal for AVGO stock?
The MACD indicator for BROADCOM INC (AVGO) has a value of 9.28708, indicating a bullish trend.
What are the support and resistance levels for BROADCOM INC (AVGO) stock?
BROADCOM INC (AVGO) has a support level at 340.65 and a resistance level at 412.98. Check the full technical report for our detailed analysis of AVGO support and resistance levels.