BROADCOM INC. - 1H - Technical analysis published on 12/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 535.80 | 543.90 | 548.79 | 556.89 | 561.78 | 569.88 | 574.77 |
| Camarilla | 550.11 | 551.30 | 552.49 | 553.68 | 554.87 | 556.06 | 557.25 |
| Woodie | 534.20 | 543.10 | 547.19 | 556.09 | 560.18 | 569.08 | 573.17 |
| Fibonacci | 543.90 | 548.86 | 551.93 | 556.89 | 561.85 | 564.92 | 569.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 507.21 | 525.26 | 535.93 | 553.98 | 564.65 | 582.70 | 593.37 |
| Camarilla | 538.69 | 541.33 | 543.96 | 546.59 | 549.22 | 551.86 | 554.49 |
| Woodie | 503.51 | 523.42 | 532.23 | 552.14 | 560.95 | 580.86 | 589.67 |
| Fibonacci | 525.26 | 536.23 | 543.01 | 553.98 | 564.95 | 571.73 | 582.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 474.39 | 499.66 | 526.67 | 551.94 | 578.95 | 604.22 | 631.23 |
| Camarilla | 539.30 | 544.10 | 548.89 | 553.68 | 558.47 | 563.27 | 568.06 |
| Woodie | 475.26 | 500.10 | 527.54 | 552.38 | 579.82 | 604.66 | 632.10 |
| Fibonacci | 499.66 | 519.63 | 531.97 | 551.94 | 571.91 | 584.25 | 604.22 |
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:
- Broadcom Inc. Announces Pricing and Upsizing of Mandatory Convertible Preferred Stock Offering
- Broadcom Inc. Announces Offering of Mandatory Convertible Preferred Stock
-
Jim Cramer Breaks Down Broadcom, U.S.-China Trade War, Markets
- Broadcom Inc. Announces Third Quarter Fiscal Year 2019 Financial Results and Quarterly Dividend
- Broadcom Unveils Portfolio for RDK Video Accelerator Program
This member declared not having a position on this financial instrument or a related financial instrument.
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