Londinia Opportunities Analyses - 12/23/2024 (GMT) BROADCOM INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	AVGO
ISIN:	SG9999014823

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 229.47 USD

My targets

240.16 USD (+3.16%)

249.33 USD (+7.10%)

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 229.47 USD. The buyers' bullish objective is set at 240.16 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 249.33 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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.

Additional analysis

Quotes

BROADCOM INC. rating 232.80 USD. The price registered an increase of +5.44% on the session and was traded between 225.13 USD and 232.90 USD over the period. The price is currently at +3.41% from its lowest and -0.04% from its highest.

225.13

232.90

232.80

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this BROADCOM INC. chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	167.09	181.22	217.00	232.80	240.16	249.33
Change (%)	-28.23%	-22.16%	-6.79%	-	+3.16%	+7.10%
Change	-65.71	-51.58	-15.80	-	+7.36	+16.53
Level	Major	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
Standard	204.46	211.39	215.80	222.73	227.14	234.07	238.48
Camarilla	217.08	218.12	219.16	220.20	221.24	222.28	223.32
Woodie	203.19	210.76	214.53	222.10	225.87	233.44	237.21
Fibonacci	211.39	215.73	218.40	222.73	227.07	229.74	234.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	173.52	195.26	207.73	229.47	241.94	263.68	276.15
Camarilla	210.79	213.93	217.06	220.20	223.34	226.47	229.61
Woodie	168.89	192.94	203.10	227.15	237.31	261.36	271.52
Fibonacci	195.26	208.33	216.40	229.47	242.54	250.61	263.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	123.55	140.34	150.99	167.78	178.43	195.22	205.87
Camarilla	154.10	156.62	159.14	161.65	164.17	166.68	169.20
Woodie	120.49	138.81	147.93	166.25	175.37	193.69	202.81
Fibonacci	140.34	150.82	157.30	167.78	178.26	184.74	195.22

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):	57.37
MACD (12,26,9):	1.5500
Directional Movement:	-1.51
AROON (14):	71.43
DEMA (21):	229.22
Parabolic SAR (0,02-0,02-0,2):	219.47
Elder Ray (13):	4.45
Super Trend (3,10):	232.51
Zig ZAG (10):	232.03
VORTEX (21):	0.9600
Stochastique (14,3,5):	91.90
TEMA (21):	227.11
Williams %R (14):	-3.20
Chande Momentum Oscillator (20):	13.12
Repulse (5,40,3):	0.9500
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	6.18

MA7:	229.57
MA20:	191.07
MA50:	180.47
MA100:	171.12
MAexp7:	229.30
MAexp20:	227.17
MAexp50:	220.07
MAexp100:	206.48
Price / MA7:	+1.41%
Price / MA20:	+21.84%
Price / MA50:	+29.00%
Price / MA100:	+36.04%
Price / MAexp7:	+1.53%
Price / MAexp20:	+2.48%
Price / MAexp50:	+5.78%
Price / MAexp100:	+12.75%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on BROADCOM INC. at the time of the analysis were as follows: