BROADCOM INC - AVGO 8 09/30/22 (AVGOP) Technical Analysis
NASDAQ:AVGOP • US11135F2002
Current stock price
AVGOP Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- AVGOP is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 75% of 115 stocks in the same industry do better.
- AVGOP is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so AVGOP is lagging the market.
- In the last month AVGOP has a been trading in the 1387.76 - 1709.95 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the performance of all stocks over the past year, AVGOP turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
AVGOP Weekly and Daily overview Charts
AVGOP Setup Rating and Analysis
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.
More info and screens
AVGOP Support and Resistance Analysis
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.
When analyzing the resistance we notice 2 important 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.
AVGOP 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 | 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. |
AVGOP Chart- and CandleStick Pattern Analysis
AVGOP Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA FAQ
What is the technical rating for AVGOP stock?
ChartMill assigns a technical rating of 1 / 10 to AVGOP.
What is the trend direction for AVGOP stock?
The current trend direction for BROADCOM INC - AVGO 8 09/30/22 (AVGOP) is Bearish.
What is the RSI signal for AVGOP stock?
BROADCOM INC - AVGO 8 09/30/22 (AVGOP) has an RSI value of 32.4921. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BROADCOM INC - AVGO 8 09/30/22?
The short term momentum for BROADCOM INC - AVGO 8 09/30/22 (AVGOP) is negative.
What is the support and resistance level for AVGOP stock?
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.