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. 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 92% of all other stocks. We also observe that the gains produced by AVGO over the past year are nicely spread over this period.
- 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.
- 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 25164300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AVGO is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 45% of 115 stocks in the same industry.
AVGO Weekly and Daily overview Charts
AVGO Setup Rating and Analysis
AVGO has an excellent technical rating and 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 a resistance zone just above the current price starting at 422.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 421.27, a Stop Loss order could be placed below this zone.
More info and screens
AVGO Support and Resistance Analysis
285.75
4 important support areas can be observed.
- A support zone ranging from 412.93 to 421.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @399.82 from a horizontal line in the daily time frame.
- Support @315.82 from a trend line in the weekly time frame.
- Support @288.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 422.77 to 422.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 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 | 92.75 | POSITIVE | AVGO has a high relative strength, it outperformed 92.75% 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) | 69.01 | NEUTRAL | The RSI value for AVGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests AVGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.72 | 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) | 32.58 | POSITIVE | The high ADX value value for AVGO suggests a strong trend. |
AVGO Chart- and CandleStick Pattern Analysis
AVGO Example Setup
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 |
|---|---|---|---|
| 422.78 | 412.92 | 9.86 (2.33%) | 25.00% |
| An entry @422.78. This is a Buy Stop order right above the resistance zone. | An exit @412.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.86 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- 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.
AVGO Technicals: Chart, Performance Metrics, Trend & Indicators
421.28
+3.85 (+0.92%)
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 Bullish.
What is the RSI signal for AVGO stock?
BROADCOM INC (AVGO) has an RSI value of 69.0109. This indicates that the stock is currently neutral.
What is the MACD signal for AVGO stock?
The MACD indicator for BROADCOM INC (AVGO) has a value of 0.389499, indicating a bearish trend.
What are the support and resistance levels for BROADCOM INC (AVGO) stock?
BROADCOM INC (AVGO) has a support level at 421.27 and a resistance level at 422.77. Check the full technical report for our detailed analysis of AVGO support and resistance levels.