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Stock Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Broadcom Inc. (NASDAQ:AVGO)

Long-Term Uptrend (+90) - AVGO is in a strong uptrend that is likely to continue. While AVGO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

Open High Low AVGO Price Change
1800.0000 1804.7500 1722.2201 1731.5100 -71.0100
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 Jun 10th, 2024 at 1429.00

short term up The short-term trend has been UP since Jun 5th, 2024 at 1362.55

Smart Scan Analysis for AVGO

Based on our trend formula, AVGO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for AVGO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1800.0000 1804.7500 1722.2201 1731.5100 -71.0100
Prev. Close Volume Bid Ask Time
1802.5200 5751020 2024-06-20 15:59:29
Year High274.26Year High Date2018-01-05
Year Low197.457Year Low Date2018-07-12
52wk High1851.6252wk High Date2024-06-18
52wk Low795.0952wk Low Date2023-09-21
Year End Close31.6508Average Volume4,012,324
Shares Outstanding463,421Short Interest1,767,981
% Institutional95.3Market Cap118,629M
P/E Ratio77.5277Beta0.93
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