Overall AVGOP gets a technical rating of 1 out of 10. AVGOP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of AVGOP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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1,392.62
When analyzing the support we notice one important area.
- A support zone ranging from 1406.69 to 1406.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1540.76 to 1554.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1677.54 to 1685.79. 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 | DOWN | NEGATIVE | The long term trend for AVGOP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVGOP is down. |
| ChartMill Relative Strength | 58.95 | NEUTRAL | AVGOP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVGOP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVGOP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVGOP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.49 | NEUTRAL | The RSI value for AVGOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -15.27 | NEGATIVE | The MACD value suggests AVGOP has a negative trend. |
| Stochastics (14,3) | 2.55 | OVERSOLD | The low Stochastics value suggests AVGOP may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for AVGOP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for AVGOP suggests a possible start of a new trend. |
BROADCOM INC - AVGO 8 09/30/22
NASDAQ:AVGOP (9/29/2022, 8:11:34 PM)
1406.7
-37.32 (-2.58%)
BROADCOM INC - AVGO 8 09/30/22 / AVGOP FAQ
What is the technical rating for AVGOP stock?
ChartMill assigns a technical rating of 1 / 10 to AVGOP.
Can you provide the trend direction for BROADCOM INC - AVGO 8 09/30/22?
The current trend direction for BROADCOM INC - AVGO 8 09/30/22 (AVGOP) is Bearish.
Can you provide the RSI signal for BROADCOM INC - AVGO 8 09/30/22?
BROADCOM INC - AVGO 8 09/30/22 (AVGOP) has an RSI value of 32.4921. This indicates that the stock is currently neutral.
What is the buy/sell signal for BROADCOM INC - AVGO 8 09/30/22 (AVGOP) stock?
The buy/sell signal for BROADCOM INC - AVGO 8 09/30/22 (AVGOP) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for BROADCOM INC - AVGO 8 09/30/22?
BROADCOM INC - AVGO 8 09/30/22 (AVGOP) has a support level at 1406.69 and a resistance level at 1540.76. Check the full technical report for our detailed analysis of AVGOP support and resistance levels.