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BROADCOM INC.
BROADCOM INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AVGO
ISIN: SG9999014823

BROADCOM INC. - 1H - Technical analysis published on 10/19/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 375.01 USD
My targets
383.36 USD (+0.83%)
387.80 USD (+2.00%)
My analysis
The basic bullish trend is very strong on BROADCOM INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 375.01 USD. Crossing the first resistance at 383.36 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 387.80 USD as an objective. Caution, a return to below 375.01 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

BROADCOM INC. rating 380.19 USD. On the day, this instrument gained +0.41% with the lowest point at 380.19 USD and the highest point at 383.61 USD. The deviation from the price is 0% for the low point and -0.89% for the high point.

380.19
383.61
380.19

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of BROADCOM INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 361.87 370.99 375.01 380.19 383.36 387.80
Change (%) -4.82% -2.42% -1.36% - +0.83% +2.00%
Change -18.32 -9.20 -5.18 - +3.17 +7.61
Level Intermediate Major Intermediate - Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard371.64374.90376.77380.03381.90385.16387.03
Camarilla377.24377.71378.18378.65379.12379.59380.06
Woodie370.96374.55376.09379.68381.22384.81386.35
Fibonacci374.90376.86378.07380.03381.99383.20385.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard360.40367.71373.18380.49385.96393.27398.74
Camarilla375.14376.31377.48378.65379.82380.99382.17
Woodie359.48367.25372.26380.03385.04392.81397.82
Fibonacci367.71372.59375.61380.49385.37388.39393.27


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard314.64329.06346.69361.11378.74393.16410.79
Camarilla355.51358.44361.38364.32367.26370.20373.13
Woodie316.24329.86348.29361.91380.35393.97412.40
Fibonacci329.06341.30348.87361.11373.36380.92393.16

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 54.42
MACD (12,26,9): 0.5300
Directional Movement: 1.93
AROON (14): 92.86
DEMA (21): 381.02
Parabolic SAR (0,02-0,02-0,2): 376.84
Elder Ray (13): 1.28
Super Trend (3,10): 376.12
Zig ZAG (10): 380.86
VORTEX (21): 0.9700
Stochastique (14,3,5): 69.09
TEMA (21): 380.28
Williams %R (14): -44.47
Chande Momentum Oscillator (20): 2.40
Repulse (5,40,3): -1.2400
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.78
MA7: 380.14
MA20: 368.74
MA50: 353.29
MA100: 330.94
MAexp7: 380.91
MAexp20: 380.31
MAexp50: 378.11
MAexp100: 373.53
Price / MA7: +0.01%
Price / MA20: +3.11%
Price / MA50: +7.61%
Price / MA100: +14.88%
Price / MAexp7: -0.19%
Price / MAexp20: -0.03%
Price / MAexp50: +0.55%
Price / MAexp100: +1.78%

Quotes : 2020-10-19 15:59:32 - 15 min delayed data - NASDAQ Stocks

News


The last news published on BROADCOM INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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