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Stock Trend Analysis Report

Prepared for you on Wednesday, May 22, 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.

NASDAQ_AVGO
Open High Low AVGO Price Change
1398.68 1409.39 1393.46 1398.59 -15.44
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 up The short-term trend has been UP since May 6th, 2024 at 1292.37

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).

+90
Smart Scan Analysis for AVGO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1398.68 1409.39 1393.46 1398.59 -15.44
Prev. Close Volume Bid Ask Time
1399.20 1078452 2024-05-21 15:59:41
Year High274.26Year High Date2018-01-05
Year Low197.457Year Low Date2018-07-12
52wk High1445.452wk High Date2024-05-16
52wk Low676.0652wk Low Date2023-05-24
Year End Close31.6508Average Volume2,130,600
Shares Outstanding468,141Short Interest1,767,981
% Institutional95.3Market Cap118,629M
Assets177,870,000MLiabilities107,586,000M
P/E Ratio51.8606Beta0.93
Volatility43.08
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