BROADCOM INC (AVGO) Stock Technical Analysis
NASDAQ:AVGO - Nasdaq - US11135F1012 - Common Stock - Currency: USD
Overall AVGO gets a technical rating of 10 out of 10. 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 94% of all other stocks.
AVGO is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. AVGO outperforms 90% 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.
In the last month AVGO has a been trading in the 244.17 - 281.18 range, which is quite wide. It is currently trading near the high of this range.
AVGO has an average volume of 21923700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. There is a resistance zone just above the current price starting at 275.61. Right above this resistance zone may be a good entry point.
More info and screens
149.43
280.69
3 important support areas can be observed.
- A support zone ranging from 244.27 to 246.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @157.53 from a trend line in the weekly time frame.
- Support @150.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 275.61 to 277.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 94.38 | POSITIVE | AVGO has a high relative strength, it outperformed 94.38% 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) | 64.28 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests AVGO has a negative trend. |
| Stochastics (14,3) | 79.97 | NEUTRAL | The Stochastics value for AVGO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.51 | 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 |
|---|---|---|---|
| 277.92 | 262.65 | 15.28 (5.50%) | 18.19% |
| An entry @277.92. This is a Buy Stop order right above the resistance zone. | An exit @262.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.28 points, which is 5.50%. | For a 1.00% total portfolio risk, you can invest 18.19% of your capital in this trade. |
- 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.
275.6
+1.22 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.44%
1 Week0.52%
2 Weeks2.32%
1 Month7.63%
3 Month61.18%
6 Month16.07%
12 Month75.15%
2 Year206.68%
3 Year414.68%
5 Year770.09%
10 Year2102.33%
15 Year12565.4%
Volatility
ATR(14)7.65
ATR(20)%2.74%
ATR Inc-15.7%
Range Today8.78
ADR(20)6.89
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.38
Mansfield2.79
10 Day High281.18
10 Day Low262.65
20 Day High281.18
20 Day Low244.17
52 Week High281.18
52 Week Low128.5
CS1 End246.74
CR1 Start275.61
Volume & EV
DER(3)0.43%
DER(5)0.36%
Volume11.93M
Volume Incr-35.68%
Vol(5)15.82M
Vol(50)21.92M