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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. - 1H - Technical analysis published on 09/01/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 489.96 USD
My targets
501.29 USD (+1.51%)
507.85 USD (+2.83%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BROADCOM INC.. As long as you are above the support located at 489.96 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 501.29 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 507.85 USD as an objective. If the support 489.96 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.8

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. Daily Weekly

Additional analysis

Quotes

The BROADCOM INC. rating is 493.85 USD. The price is lower by -0.68% since the last closing and was traded between 492.89 USD and 499.24 USD over the period. The price is currently at +0.19% from its lowest and -1.08% from its highest.

492.89
499.24
493.85

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BROADCOM INC.:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel 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
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 480.68 486.12 489.96 493.85 494.60 501.29 507.85
Change (%) -2.67% -1.57% -0.79% - +0.15% +1.51% +2.83%
Change -13.17 -7.73 -3.89 - +0.75 +7.44 +14.00
Level Intermediate Intermediate Major - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard484.25488.48492.84497.07501.43505.66510.02
Camarilla494.85495.64496.42497.21498.00498.79499.57
Woodie484.33488.51492.92497.10501.51505.69510.10
Fibonacci488.48491.76493.79497.07500.35502.38505.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard461.53468.61482.28489.36503.03510.11523.78
Camarilla490.23492.14494.04495.94497.84499.74501.65
Woodie464.82470.26485.57491.01506.32511.76527.07
Fibonacci468.61476.54481.44489.36497.29502.19510.11


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard425.44444.05470.63489.24515.82534.43561.01
Camarilla484.78488.93493.07497.21501.35505.50509.64
Woodie429.43446.04474.62491.23519.81536.42565.00
Fibonacci444.05461.31471.98489.24506.50517.17534.43

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): 47.70
MACD (12,26,9): 1.7700
Directional Movement: -6.37
AROON (14): -35.71
DEMA (21): 499.86
Parabolic SAR (0,02-0,02-0,2): 505.59
Elder Ray (13): -1.34
Super Trend (3,10): 505.53
Zig ZAG (10): 496.35
VORTEX (21): 1.0200
Stochastique (14,3,5): 32.20
TEMA (21): 498.20
Williams %R (14): -67.17
Chande Momentum Oscillator (20): -4.37
Repulse (5,40,3): -0.2600
ROCnROLL: -1
TRIX (15,9): 0.0900
Courbe Coppock: 0.94
MA7: 491.16
MA20: 484.85
MA50: 479.75
MA100: 469.69
MAexp7: 496.98
MAexp20: 496.09
MAexp50: 491.32
MAexp100: 487.33
Price / MA7: +0.55%
Price / MA20: +1.86%
Price / MA50: +2.94%
Price / MA100: +5.14%
Price / MAexp7: -0.63%
Price / MAexp20: -0.45%
Price / MAexp50: +0.51%
Price / MAexp100: +1.34%

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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Londinia
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