BROADCOM INC. - 1H - Technical analysis published on 06/14/2024 (GMT)
- 147
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,576.05 USD
My targets
-
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BROADCOM INC. as long as the price remains well above 1,576.05 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BROADCOM INC. price is 1,739.97 USD. The price has increased by +3.63% since the last closing with the lowest point at 1,682.10 USD and the highest point at 1,747.24 USD. The deviation from the price is +3.44% for the low point and -0.42% for the high point.1,682.10
1,747.24
1,739.97
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BROADCOM INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
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 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 1,303.39 | 1,401.04 | 1,735.85 | 1,739.97 |
| Change (%) | -25.09% | -19.48% | -0.24% | - |
| Change | -436.58 | -338.93 | -4.12 | - |
| Level | Minor | Major | Intermediate | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,559.06 | 1,605.79 | 1,642.39 | 1,689.12 | 1,725.72 | 1,772.45 | 1,809.05 |
| Camarilla | 1,656.07 | 1,663.71 | 1,671.35 | 1,678.99 | 1,686.63 | 1,694.27 | 1,701.91 |
| Woodie | 1,554.00 | 1,603.26 | 1,637.33 | 1,686.59 | 1,720.66 | 1,769.92 | 1,803.99 |
| Fibonacci | 1,605.79 | 1,637.62 | 1,657.29 | 1,689.12 | 1,720.95 | 1,740.62 | 1,772.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,208.64 | 1,255.59 | 1,331.11 | 1,378.06 | 1,453.58 | 1,500.53 | 1,576.05 |
| Camarilla | 1,372.96 | 1,384.19 | 1,395.41 | 1,406.64 | 1,417.87 | 1,429.09 | 1,440.32 |
| Woodie | 1,222.94 | 1,262.73 | 1,345.41 | 1,385.20 | 1,467.88 | 1,507.67 | 1,590.35 |
| Fibonacci | 1,255.59 | 1,302.37 | 1,331.27 | 1,378.06 | 1,424.84 | 1,453.74 | 1,500.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 997.35 | 1,110.33 | 1,219.44 | 1,332.42 | 1,441.53 | 1,554.51 | 1,663.62 |
| Camarilla | 1,267.48 | 1,287.83 | 1,308.19 | 1,328.55 | 1,348.91 | 1,369.27 | 1,389.63 |
| Woodie | 995.42 | 1,109.36 | 1,217.51 | 1,331.45 | 1,439.60 | 1,553.54 | 1,661.69 |
| Fibonacci | 1,110.33 | 1,195.17 | 1,247.58 | 1,332.42 | 1,417.26 | 1,469.67 | 1,554.51 |
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): | 84.12 | |
| MACD (12,26,9): | 72.7600 | |
| Directional Movement: | 42.18 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 1,735.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,704.54 | |
| Elder Ray (13): | 61.13 | |
| Super Trend (3,10): | 1,663.12 | |
| Zig ZAG (10): | 1,743.72 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 97.16 | |
| TEMA (21): | 1,764.00 | |
| Williams %R (14): | -1.20 | |
| Chande Momentum Oscillator (20): | 44.33 | |
| Repulse (5,40,3): | 1.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6600 | |
| Courbe Coppock: | 26.21 |
| MA7: | 1,517.79 | |
| MA20: | 1,429.51 | |
| MA50: | 1,358.91 | |
| MA100: | 1,319.77 | |
| MAexp7: | 1,720.54 | |
| MAexp20: | 1,641.97 | |
| MAexp50: | 1,539.98 | |
| MAexp100: | 1,471.74 | |
| Price / MA7: | +14.64% | |
| Price / MA20: | +21.72% | |
| Price / MA50: | +28.04% | |
| Price / MA100: | +31.84% | |
| Price / MAexp7: | +1.13% | |
| Price / MAexp20: | +5.97% | |
| Price / MAexp50: | +12.99% | |
| Price / MAexp100: | +18.23% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on BROADCOM INC. at the time of the analysis were 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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