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 12/01/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 563.91 USD
My targets
574.81 USD (+1.22%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BROADCOM INC.. This is a positive signal for buyers. As long as the price remains above 563.91 USD, a purchase could be considered. The first bullish objective is located at 574.81 USD. The bullish momentum would be boosted by a break in this resistance. In the event of a return below 563.91 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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
7

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

Additional analysis

Quotes

The BROADCOM INC. price is 567.86 USD. On the day, this instrument gained +2.56% and was between 557.17 USD and 568.48 USD. This implies that the price is at +1.92% from its lowest and at -0.11% from its highest.

557.17
568.48
567.86

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 BROADCOM INC. in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 536.07 548.77 563.91 567.86 574.81
Change (%) -5.60% -3.36% -0.70% - +1.22%
Change -31.79 -19.09 -3.95 - +6.95
Level Intermediate Intermediate Minor - 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
Standard535.80543.90548.79556.89561.78569.88574.77
Camarilla550.11551.30552.49553.68554.87556.06557.25
Woodie534.20543.10547.19556.09560.18569.08573.17
Fibonacci543.90548.86551.93556.89561.85564.92569.88


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard507.21525.26535.93553.98564.65582.70593.37
Camarilla538.69541.33543.96546.59549.22551.86554.49
Woodie503.51523.42532.23552.14560.95580.86589.67
Fibonacci525.26536.23543.01553.98564.95571.73582.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard474.39499.66526.67551.94578.95604.22631.23
Camarilla539.30544.10548.89553.68558.47563.27568.06
Woodie475.26500.10527.54552.38579.82604.66632.10
Fibonacci499.66519.63531.97551.94571.91584.25604.22

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): 60.77
MACD (12,26,9): 1.6300
Directional Movement: 7.84
AROON (14): 14.29
DEMA (21): 561.15
Parabolic SAR (0,02-0,02-0,2): 552.66
Elder Ray (13): 5.54
Super Trend (3,10): 569.09
Zig ZAG (10): 566.51
VORTEX (21): 1.0200
Stochastique (14,3,5): 87.81
TEMA (21): 563.16
Williams %R (14): -16.75
Chande Momentum Oscillator (20): -1.19
Repulse (5,40,3): 0.2300
ROCnROLL: 1
TRIX (15,9): 0.0300
Courbe Coppock: 0.97
MA7: 556.92
MA20: 558.98
MA50: 526.11
MA100: 506.32
MAexp7: 563.29
MAexp20: 559.46
MAexp50: 559.04
MAexp100: 556.84
Price / MA7: +1.96%
Price / MA20: +1.59%
Price / MA50: +7.94%
Price / MA100: +12.15%
Price / MAexp7: +0.81%
Price / MAexp20: +1.50%
Price / MAexp50: +1.58%
Price / MAexp100: +1.98%

Quotes : - 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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