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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. - Daily - Technical analysis published on 05/13/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
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A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 455.46 USD
My targets
421.25 USD (-1.78%)
405.82 USD (-5.38%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BROADCOM INC. as long as the price remains well below 455.46 USD. The sellers' bearish objective is set at 421.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 405.82 USD. In case of crossing, the next objective would be the support located at 381.91 USD.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4

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. 1H Weekly

Additional analysis

Quotes

BROADCOM INC. rating 428.90 USD. On the day, this instrument gained +1.54% and was between 428.00 USD and 434.82 USD. This implies that the price is at +0.21% from its lowest and at -1.36% from its highest.

428.00
434.82
428.90

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of BROADCOM INC. indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



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

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily


Support of triangle is broken

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 381.91 405.82 421.25 428.90 455.46 489.66
Change (%) -10.96% -5.38% -1.78% - +6.19% +14.17%
Change -46.99 -23.08 -7.65 - +26.56 +60.76
Level Major Minor Intermediate - 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
Standard405.67412.41417.39424.13429.11435.85440.83
Camarilla419.16420.23421.31422.38423.45424.53425.60
Woodie404.80411.97416.52423.69428.24435.41439.96
Fibonacci412.41416.88419.65424.13428.60431.37435.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard417.45427.38439.98449.91462.51472.44485.04
Camarilla446.38448.45450.52452.58454.65456.71458.78
Woodie418.79428.05441.32450.58463.85473.11486.38
Fibonacci427.38435.99441.30449.91458.52463.83472.44


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard399.61424.31440.25464.95480.89505.59521.53
Camarilla445.02448.75452.48456.20459.93463.65467.38
Woodie395.24422.12435.88462.76476.52503.40517.16
Fibonacci424.31439.83449.42464.95480.47490.06505.59

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 38.22
MACD (12,26,9): -9.8200
Directional Movement: -17.07
AROON (14): -78.57
DEMA (21): 439.35
Parabolic SAR (0,02-0,02-0,2): 454.70
Elder Ray (13): -13.12
Super Trend (3,10): 464.06
Zig ZAG (10): 430.84
VORTEX (21): 0.6800
Stochastique (14,3,5): 19.95
TEMA (21): 431.45
Williams %R (14): -80.30
Chande Momentum Oscillator (20): -36.23
Repulse (5,40,3): -1.1100
ROCnROLL: 2
TRIX (15,9): -0.2100
Courbe Coppock: 11.49
MA7: 438.88
MA20: 453.51
MA50: 462.04
MA100: 459.91
MAexp7: 437.23
MAexp20: 450.71
MAexp50: 458.05
MAexp100: 448.48
Price / MA7: -2.27%
Price / MA20: -5.43%
Price / MA50: -7.17%
Price / MA100: -6.74%
Price / MAexp7: -1.91%
Price / MAexp20: -4.84%
Price / MAexp50: -6.36%
Price / MAexp100: -4.37%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


The latest news and videos published on BROADCOM INC. at the time of the analysis were as follows:

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

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