AVGO Daily Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
Broadcom (AVGO) is in a corrective phase, trading below its 20 and 50-day SMAs with bearish momentum indicated by an RSI of 43. However, the long-term structure remains bullish as price holds above the rising 200-day SMA at 306.90, which serves as critical support. While the MACD histogram shows early signs of selling exhaustion, a reclaim of the 336–353 zone is necessary to confirm a short-term reversal.
Included In Lists
Related Tickers of Interest
AVGO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below both the 20-day and 50-day SMAs, showing a clear short-term downtrend with lower highs. The RSI is below 50 (42.92), indicating weak momentum.
Long-term Sentiment (weeks to months): Bullish
The stock remains above the rising 200-day SMA (306.90), suggesting the primary long-term uptrend is still intact despite the deep correction.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:03:20.317Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $317.14 | $317.00 - $317.28 | Strong | Aligns with the Lower Bollinger Band and recent swing lows. |
| $303.45 | $300.00 - $306.90 | Strong | Confluence of the 200-day SMA and psychological round number support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $338.16 | $336.33 - $340.00 | Weak | 20-day SMA (Bollinger Band basis) acting as dynamic resistance. |
| $354.59 | $353.80 - $355.38 | Strong | Confluence of the 50-day SMA and Upper Bollinger Band. |
| $377.50 | $375.00 - $380.00 | Strong | Most recent significant lower high. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Downtrend / Correction | Bearish | $306.90 | Price has formed a series of lower highs and lower lows from the peak near 430, currently testing deeper support levels. |
| Weak | Bullish MACD Crossover (Attempt) | Neutral | N/A | MACD histogram has ticked slightly positive with lines attempting a crossover, suggesting potential deceleration of selling pressure. |
Frequently Asked Questions about AVGO
What is the current sentiment for AVGO?
The short-term sentiment for AVGO is currently Bearish because Price is trading below both the 20-day and 50-day SMAs, showing a clear short-term downtrend with lower highs. The RSI is below 50 (42.92), indicating weak momentum.. The long-term trend is classified as Bullish.
What are the key support levels for AVGO?
StockDips.AI has identified key support levels for AVGO at $317.14 and $303.45. These levels may represent potential accumulation zones where buying interest could emerge.
Is AVGO in a significant dip or a Value Dip right now?
AVGO has a Value Score of 132/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.