BROADCOM INC. - 1H - Technical analysis published on 04/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 470.01 USD
My targets
483.00 USD (+2.25%)
489.96 USD (+3.72%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BROADCOM INC. as long as the price remains well above 470.01 USD. The buyers” bullish objective is set at 483.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 489.96 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BROADCOM INC. price is 472.39 USD. The price registered an increase of +1.88% on the session and was traded between 469.20 USD and 474.06 USD over the period. The price is currently at +0.68% from its lowest and -0.35% from its highest.469.20
474.06
472.39
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this BROADCOM INC. chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance 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
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 449.31 | 455.53 | 470.01 | 472.39 | 483.00 | 489.96 |
| Change (%) | -4.89% | -3.57% | -0.50% | - | +2.25% | +3.72% |
| Change | -23.08 | -16.86 | -2.38 | - | +10.61 | +17.57 |
| Level | Minor | Major | Minor | - | Intermediate | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 440.35 | 446.37 | 455.02 | 461.04 | 469.69 | 475.71 | 484.36 |
| Camarilla | 459.63 | 460.97 | 462.32 | 463.66 | 465.01 | 466.35 | 467.69 |
| Woodie | 441.66 | 447.03 | 456.33 | 461.70 | 471.00 | 476.37 | 485.67 |
| Fibonacci | 446.37 | 451.98 | 455.44 | 461.04 | 466.65 | 470.11 | 475.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 426.21 | 437.76 | 459.90 | 471.45 | 493.59 | 505.14 | 527.28 |
| Camarilla | 472.78 | 475.86 | 478.95 | 482.04 | 485.13 | 488.22 | 491.31 |
| Woodie | 431.51 | 440.41 | 465.20 | 474.10 | 498.89 | 507.79 | 532.58 |
| Fibonacci | 437.76 | 450.63 | 458.58 | 471.45 | 484.32 | 492.27 | 505.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 353.39 | 386.33 | 424.99 | 457.93 | 496.59 | 529.53 | 568.19 |
| Camarilla | 443.97 | 450.53 | 457.10 | 463.66 | 470.22 | 476.79 | 483.35 |
| Woodie | 356.26 | 387.76 | 427.86 | 459.36 | 499.46 | 530.96 | 571.06 |
| Fibonacci | 386.33 | 413.68 | 430.58 | 457.93 | 485.28 | 502.18 | 529.53 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.75 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | 5.83 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 466.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 458.51 | |
| Elder Ray (13): | 5.93 | |
| Super Trend (3,10): | 456.97 | |
| Zig ZAG (10): | 471.49 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 90.19 | |
| TEMA (21): | 467.80 | |
| Williams %R (14): | -7.44 | |
| Chande Momentum Oscillator (20): | 17.90 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.90 |
| MA7: | 466.44 | |
| MA20: | 461.68 | |
| MA50: | 466.93 | |
| MA100: | 440.59 | |
| MAexp7: | 468.09 | |
| MAexp20: | 466.22 | |
| MAexp50: | 466.12 | |
| MAexp100: | 465.92 | |
| Price / MA7: | +1.28% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +7.22% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | +1.35% | |
| Price / MAexp100: | +1.39% |
Quotes :
2021-04-01 16:29:48
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on BROADCOM INC.. At the time of publication of this analysis, the latest news was as follows:
- Broadcom Inc. Announces Pricing and Upsizing of Mandatory Convertible Preferred Stock Offering
- Broadcom Inc. Announces Offering of Mandatory Convertible Preferred Stock
-
Jim Cramer Breaks Down Broadcom, U.S.-China Trade War, Markets
- Broadcom Inc. Announces Third Quarter Fiscal Year 2019 Financial Results and Quarterly Dividend
- Broadcom Unveils Portfolio for RDK Video Accelerator Program
This member declared not having a position on this financial instrument or a related financial instrument.
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