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 11/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

11%

61%

28%

My opinion

Bearish under 168.55 USD

My targets

153.38 USD (-6.95%)

142.76 USD (-13.39%)

My analysis

The strong short-term decline in BROADCOM INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 168.55 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 153.38 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 142.76 USD as an objective. Crossing it would then enable sellers to target 136.49 USD. Be careful, a return to above 168.55 USD could jeopardize the reversal.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

2.3

Comment on the analysis

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.

This analysis was given by eliro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BROADCOM INC. rating 164.84 USD. On the day, this instrument lost -3.25% and was between 163.43 USD and 169.13 USD. This implies that the price is at +0.86% from its lowest and at -2.54% from its highest.

163.43

169.13

164.84

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BROADCOM INC.:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BROADCOM INC. in Daily shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	119.70	136.49	142.76	164.84	168.55	174.01	181.71
Change (%)	-27.38%	-17.20%	-13.39%	-	+2.25%	+5.56%	+10.23%
Change	-45.14	-28.35	-22.08	-	+3.71	+9.17	+16.87
Level	Minor	Major	Minor	-	Major	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	156.77	160.10	162.47	165.80	168.17	171.50	173.87
Camarilla	163.27	163.80	164.32	164.84	165.36	165.89	166.41
Woodie	156.29	159.86	161.99	165.56	167.69	171.26	173.39
Fibonacci	160.10	162.28	163.62	165.80	167.98	169.32	171.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	137.44	150.43	157.64	170.63	177.84	190.83	198.04
Camarilla	159.29	161.14	162.99	164.84	166.69	168.54	170.40
Woodie	134.54	148.99	154.74	169.19	174.94	189.39	195.14
Fibonacci	150.43	158.15	162.92	170.63	178.35	183.12	190.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.95	153.38	161.57	174.00	182.19	194.62	202.81
Camarilla	164.10	165.99	167.88	169.77	171.66	173.55	175.44
Woodie	138.84	152.32	159.46	172.94	180.08	193.56	200.70
Fibonacci	153.38	161.25	166.12	174.00	181.87	186.74	194.62

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):	39.16
MACD (12,26,9):	-0.4000
Directional Movement:	-12.75
AROON (14):	-35.71
DEMA (21):	174.72
Parabolic SAR (0,02-0,02-0,2):	184.75
Elder Ray (13):	-7.86
Super Trend (3,10):	182.97
Zig ZAG (10):	164.84
VORTEX (21):	0.7700
Stochastique (14,3,5):	19.53
TEMA (21):	172.30
Williams %R (14):	-93.48
Chande Momentum Oscillator (20):	-11.80
Repulse (5,40,3):	-5.9900
ROCnROLL:	2
TRIX (15,9):	0.0600
Courbe Coppock:	0.53

MA7:	175.91
MA20:	174.86
MA50:	172.76
MA100:	165.39
MAexp7:	172.63
MAexp20:	174.57
MAexp50:	171.80
MAexp100:	164.53
Price / MA7:	-6.29%
Price / MA20:	-5.73%
Price / MA50:	-4.58%
Price / MA100:	-0.33%
Price / MAexp7:	-4.51%
Price / MAexp20:	-5.57%
Price / MAexp50:	-4.05%
Price / MAexp100:	+0.19%

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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