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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. - 15 min. - Technical analysis published on 07/15/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 172.06 USD
My targets
168.60 USD (-1.25%)
167.14 USD (-2.11%)
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 172.06 USD. The next bearish objective for sellers is set at 168.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 167.14 USD. If there is any crossing, the next objective would be the support located at 165.14 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.7

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.

jarias81197
This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The BROADCOM INC. price is 170.74 USD. The price is lower by -89.96% since the last closing and was between 169.26 USD and 173.50 USD. This implies that the price is at +0.87% from its lowest and at -1.59% from its highest.

169.26
173.50
170.74

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 15 min. chart of BROADCOM INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes



In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

MACD indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : 15 minutes



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes


Near resistance of triangle

Type : Bearish

Timeframe : 15 minutes



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes


Long white line

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 139.66 158.08 166.90 170.74 174.59 182.31
Change (%) -18.20% -7.41% -2.25% - +2.25% +6.78%
Change -31.08 -12.66 -3.84 - +3.85 +11.57
Level Major Major 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
Standard165.14167.14168.60170.60172.06174.06175.52
Camarilla169.12169.44169.75170.07170.39170.70171.02
Woodie164.88167.01168.34170.47171.80173.93175.26
Fibonacci167.14168.46169.28170.60171.92172.74174.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard155.33161.09165.58171.34175.83181.59186.08
Camarilla167.25168.19169.13170.07171.01171.95172.89
Woodie154.70160.77164.95171.02175.20181.27185.45
Fibonacci161.09165.01167.43171.34175.26177.68181.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard77.33103.58132.07158.32186.81213.06241.55
Camarilla145.50150.51155.53160.55165.57170.59175.60
Woodie78.44104.14133.18158.88187.92213.62242.66
Fibonacci103.58124.49137.41158.32179.23192.15213.06

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): 39.22
MACD (12,26,9): -0.1500
Directional Movement: 5.41
AROON (14): 7.15
DEMA (21): 171.12
Parabolic SAR (0,02-0,02-0,2): 169.13
Elder Ray (13): -0.78
Super Trend (3,10): 169.76
Zig ZAG (10): 169.75
VORTEX (21): 0.8900
Stochastique (14,3,5): 33.64
TEMA (21): 170.90
Williams %R (14): -76.20
Chande Momentum Oscillator (20): -1.27
Repulse (5,40,3): -0.8800
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.69
MA7: 171.91
MA20: 168.79
MA50: 150.26
MA100: 140.23
MAexp7: 170.51
MAexp20: 171.12
MAexp50: 171.30
MAexp100: 171.37
Price / MA7: -0.68%
Price / MA20: +1.16%
Price / MA50: +13.63%
Price / MA100: +21.76%
Price / MAexp7: +0.13%
Price / MAexp20: -0.22%
Price / MAexp50: -0.33%
Price / MAexp100: -0.37%

Quotes : - 15 min delayed data - 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:

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

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