Stock Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Broadcom, Inc (NASDAQ:AVGO)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for AVGO
The long term trend has been UP since Oct 1st, 2018 at 251.80
The intermediate term trend has been DOWN since May 7th, 2019 at 305.11
The short term trend has been DOWN since May 17th, 2019 at 294.70
Smart Scan Analysis for AVGO
Based on a pre-defined weighted trend formula for chart analysis, AVGO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||274.26||Year High Date||2018-01-05|
|Year Low||197.457||Year Low Date||2018-07-12|
|52wk High||284.09||52wk High Date||2019-02-15|
|52wk Low||197.4567||52wk Low Date||2018-07-12|
|Year End Close||31.6508||Average Volume||2,575,144|
|Shares Outstanding||407,271||Short Interest||1,767,981|
|% Institutional||95.3||Market Cap||114,821M|