BROADCOM CORP (BRCM) Technical Analysis
NASDAQ:BRCM • US1113201073
Current stock price
BRCM Technical Rating and Analysis
Taking everything into account, BRCM scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- 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.
- Looking at the yearly performance, BRCM did better than 79% of all other stocks. On top of that, BRCM also shows a nice and consistent pattern of rising prices.
- BRCM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BRCM is lagging the market slightly.
- 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 short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BRCM Weekly and Daily overview Charts
BRCM Setup Rating and Analysis
Although the technical rating is only medium, BRCM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
BRCM Support and Resistance Analysis
47.94
When analyzing the support we can see 3 important areas.
- 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.
We found 1 important resistance 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.
BRCM 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 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. |
BRCM Chart- and CandleStick Pattern Analysis
BRCM 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 |
|---|---|---|---|
| 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.
BRCM Technicals: Chart, Performance Metrics, Trend & Indicators
54.67
+0.17 (+0.31%)
BROADCOM CORP / BRCM TA FAQ
What is the technical rating for BRCM stock?
ChartMill assigns a technical rating of 6 / 10 to BRCM.
What is the trend direction for BRCM stock?
The current trend direction for BROADCOM CORP (BRCM) is Bullish.
Can you provide the RSI signal for BROADCOM CORP?
BROADCOM CORP (BRCM) has an RSI value of 48.2975. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BROADCOM CORP?
The MACD indicator for BROADCOM CORP (BRCM) has a value of 0.0644229, indicating a bearish trend.
What is the short term momentum for BROADCOM CORP (BRCM) stock?
The short term momentum for BROADCOM CORP (BRCM) is negative.