BROADCOM INC. - 1H - Technical analysis published on 07/15/2024 (GMT)
- 113
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
33%
28%
39%
My opinion
Neutral between 166.90 USD and 174.59 USD
My targets
-
My analysis
The short-term decline on BROADCOM INC. remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 166.90 USD. The first resistance is located at 174.59 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BROADCOM INC. rating 171.00 USD. The price is lower by -89.95% since the last closing with the lowest point at 169.26 USD and the highest point at 173.50 USD. The deviation from the price is +1.03% for the low point and -1.44% for the high point.169.26
173.50
171.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this BROADCOM INC. chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 139.66 | 158.08 | 166.90 | 171.00 | 174.59 | 182.31 |
| Change (%) | -18.33% | -7.56% | -2.40% | - | +2.10% | +6.61% |
| Change | -31.34 | -12.92 | -4.10 | - | +3.59 | +11.31 |
| Level | Major | Major | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.14 | 167.14 | 168.60 | 170.60 | 172.06 | 174.06 | 175.52 |
| Camarilla | 169.12 | 169.44 | 169.75 | 170.07 | 170.39 | 170.70 | 171.02 |
| Woodie | 164.88 | 167.01 | 168.34 | 170.47 | 171.80 | 173.93 | 175.26 |
| Fibonacci | 167.14 | 168.46 | 169.28 | 170.60 | 171.92 | 172.74 | 174.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.33 | 161.09 | 165.58 | 171.34 | 175.83 | 181.59 | 186.08 |
| Camarilla | 167.25 | 168.19 | 169.13 | 170.07 | 171.01 | 171.95 | 172.89 |
| Woodie | 154.70 | 160.77 | 164.95 | 171.02 | 175.20 | 181.27 | 185.45 |
| Fibonacci | 161.09 | 165.01 | 167.43 | 171.34 | 175.26 | 177.68 | 181.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.33 | 103.58 | 132.07 | 158.32 | 186.81 | 213.06 | 241.55 |
| Camarilla | 145.50 | 150.51 | 155.53 | 160.55 | 165.57 | 170.59 | 175.60 |
| Woodie | 78.44 | 104.14 | 133.18 | 158.88 | 187.92 | 213.62 | 242.66 |
| Fibonacci | 103.58 | 124.49 | 137.41 | 158.32 | 179.23 | 192.15 | 213.06 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.56 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -3.66 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 171.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 167.71 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 174.84 | |
| Zig ZAG (10): | 169.59 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 47.13 | |
| TEMA (21): | 170.20 | |
| Williams %R (14): | -54.44 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | -1.6400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.66 |
| MA7: | 171.91 | |
| MA20: | 168.79 | |
| MA50: | 150.26 | |
| MA100: | 140.23 | |
| MAexp7: | 170.67 | |
| MAexp20: | 171.39 | |
| MAexp50: | 170.54 | |
| MAexp100: | 167.64 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +13.80% | |
| Price / MA100: | +21.94% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +2.00% |
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
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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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