BROADCOM INC (AVGO) Stock Technical Analysis
NASDAQ:AVGO - Nasdaq - US11135F1012 - Common Stock
Taking everything into account, AVGO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVGO is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AVGO is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, AVGO also shows a nice and consistent pattern of rising prices.
AVGO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 90% of 109 stocks in the same industry.
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.
In the last month AVGO has a been trading in the 218.91 - 247.28 range, which is quite wide. It is currently trading near the high of this range.
AVGO has an average volume of 31649000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AVGO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
151.47
252.51
5 important support areas can be observed.
- A support zone ranging from 224.30 to 224.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @178.80 from a trend line in the weekly time frame.
- Support @173.35 from a trend line in the daily time frame.
- Support @156.78 from a trend line in the weekly time frame.
- Support @153.00 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @250.01 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.77
Mansfield3.56
10 Day High246.99
10 Day Low219.51
20 Day High247.28
20 Day Low218.91
52 Week High251.88
52 Week Low117.43
Performance
1 Week7.21%
2 Weeks1.9%
1 Month10.35%
3 Month39.25%
6 Month58.88%
12 Month99.95%
2 Year311.81%
3 Year311.19%
5 Year689.46%
10 Year2241.66%
15 Year13761.3%
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)
Technical Indicators
MACD(12,26,9)-1.08
RSI(14)65.15
LBB220.91
UBB242.11
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 |
|---|---|---|---|
| 250.02 | 219.50 | 30.52 (12.21%) | 8.19% |
| An entry @250.02. This is a Buy Stop order right above the resistance zone. | An exit @219.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 30.52 points, which is 12.21%. | For a 1.00% total portfolio risk, you can invest 8.19% of your capital in this trade. |
- 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.
BROADCOM INC
NASDAQ:AVGO (1/22/2025, 8:06:08 PM)
Premarket: 238.59 -2.32 (-0.96%)240.91
+0.6 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.25%
1 Week7.21%
2 Weeks1.9%
1 Month10.35%
3 Month39.25%
6 Month58.88%
12 Month99.95%
2 Year311.81%
3 Year311.19%
5 Year689.46%
10 Year2241.66%
15 Year13761.3%
Volatility
ATR(14)8.02
ATR(20)%3.61%
ATR Inc-29.75%
Range Today6.3
ADR(20)7.79
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.77
Mansfield3.56
10 Day High246.99
10 Day Low219.51
20 Day High247.28
20 Day Low218.91
52 Week High251.88
52 Week Low117.43
CS1 End224.3
CR1 Start250.01
Volume & EV
DER(3)-1.12%
DER(5)-1.34%
Volume29.61M
Volume Incr-38.98%
Vol(5)27.39M
Vol(50)31.65M