Broadcom Technical Analysis (NASDAQ:AVGO)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Broadcom stock price data and volume are plotted in AVGO stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Broadcom. Technical analysis uses an approach for Broadcom stock analysis that does not care for the fair value of a company but uses price and volume data only.
Broadcom Moving Average
Moving averages show the average price of AVGO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Broadcom are mostly signals of long term trends and will help long term traders.
Broadcom Bollinger Bands
Bollinger bands comprise of a center line usually AVGO SMA, and two AVGO stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Broadcom bollinger bands.
Broadcom Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Broadcom MACD indicator is above 0 indicating a bullish trend.
Broadcom Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 52.14 is the RSI value of AVGO stock.