Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Broadcom Inc. (NASDAQ:AVGO)

Bull Market Weakness (+75) - AVGO is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AVGO as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid AVGO?

MarketClub looks at technical strength and momentum to determine if the timing is right for AVGO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_AVGO
Open High Low AVGO Price Change
1399.100 1399.100 1383.000 1388.835 -23.615
Entry Signal

MarketClub’s Trade Triangles for AVGO

long term up The long-term trend has been UP since Dec 1st, 2022 at 551.66

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 1355.83

short term down The short-term trend has been DOWN since May 23rd, 2024 at 1384.22

Smart Scan Analysis for AVGO

Based on our trend formula, AVGO is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AVGO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1399.100 1399.100 1383.000 1388.835 -23.615
Prev. Close Volume Bid Ask Time
1412.450 1792175 2024-05-29 15:59:29
Year High274.26Year High Date2018-01-05
Year Low197.457Year Low Date2018-07-12
52wk High1445.452wk High Date2024-05-16
52wk Low747.0252wk Low Date2023-05-26
Year End Close31.6508Average Volume2,101,177
Shares Outstanding468,141Short Interest1,767,981
% Institutional95.3Market Cap118,629M
Assets177,870,000MLiabilities107,586,000M
P/E Ratio52.3517Beta0.93
Volatility43.08
Get a free daily analysis and signals for Broadcom Inc. (AVGO) - Request Your Free Report.