BROADCOM CORP (BRCM) Stock Technical Analysis
NASDAQ:BRCM - Nasdaq - US1113201073
Overall BRCM gets a technical rating of 6 out of 10. In the last year, BRCM was one of the better performers, but we do observe some doubts in the very recent evolution.
BRCM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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 yearly performance of all stocks, we notice that BRCM is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by BRCM over the past year are nicely spread over this period.
BRCM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BRCM is performing more or less in line with the market.
BRCM has an average volume of 7780450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although the technical rating is only medium, BRCM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 54.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BRCM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
47.94
58.91
3 important support areas can be observed.
- A support zone ranging from 53.41 to 54.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.78 from a trend line in the weekly time frame.
- Support @48.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.83 to 58.33. 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 BRCM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BRCM is down. |
| ChartMill Relative Strength | 79.95 | POSITIVE | BRCM has a high relative strength, it outperformed 79.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BRCM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BRCM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRCM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.3 | NEUTRAL | The RSI value for BRCM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BRCM has a positive trend. |
| Stochastics (14,3) | 74.72 | NEUTRAL | The Stochastics value for BRCM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for BRCM suggests low volalility. |
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 |
|---|---|---|---|
| 54.75 | 53.40 | 1.35 (2.47%) | 25.00% |
| An entry @54.75. This is a Buy Stop order right above the 10 day high. | An exit @53.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.35 points, which is 2.47%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BRCM. 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.
54.67
+0.17 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week1.17%
2 Weeks1.24%
1 Month-6.1%
3 Month6.36%
6 Month8.02%
12 Month28.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%1.77%
ATR Inc-81.87%
Range Today0.22
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.95
Mansfield1.42
10 Day High54.74
10 Day Low52.35
20 Day High58.35
20 Day Low52.35
52 Week High58.51
52 Week Low40.33
CS1 End54.6
CR1 Start57.83
Volume & EV
DER(3)2.65%
DER(5)3.08%
Volume25.52M
Volume Incr8.97%
Vol(5)10.78M
Vol(50)7.78M