Stock Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Broadcom, Inc (NASDAQ:AVGO)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 DOWN since May 23rd, 2019 at 259.20
The intermediate term trend has been UP since Jun 10th, 2019 at 279.95
The short term trend has been DOWN since Jun 14th, 2019 at 277.41
Smart Scan Analysis for AVGO
Based on a pre-defined weighted trend formula for chart analysis, AVGO scored -65 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||323.2||52wk High Date||2019-05-01|
|52wk Low||197.4567||52wk Low Date||2018-07-12|
|Year End Close||31.6508||Average Volume||2,711,776|
|Shares Outstanding||395,846||Short Interest||1,767,981|
|% Institutional||95.3||Market Cap||101,312M|