AVGO Weekly Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
AVGO is currently undergoing a significant weekly correction following a massive run-up to all-time highs. Short-term momentum is decidedly bearish, evidenced by negative MACD divergence, a falling RSI, and price action below the 20-week SMA. The stock is currently testing a crucial support zone at the rising 50-week SMA; holding this level is vital to maintain the broader long-term bullish thesis without a deeper retracement.
Included In Lists
Related Tickers of Interest
AVGO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is making lower highs and lower lows, has broken below the 20-week SMA, RSI is trending downwards below 50, and the MACD histogram is negative and expanding.
Long-term Sentiment (weeks to months): Bullish
The multi-year structural uptrend remains intact. Price is still significantly above the 200-week SMA, and the 50-week SMA continues to slope upwards despite the current correction.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:02:47.564Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $301.50 | $298.00 - $305.00 | Strong | Critical confluence zone of the rising 50-week SMA (approx 304.86) and the lower Bollinger Band (approx 298.22). |
| $267.50 | $260.00 - $275.00 | Weak | Prior consolidation zone and resistance-turned-support from mid-2024 before the final parabolic advance. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $342.50 | $340.00 - $345.00 | Strong | Zone around the declining 20-week SMA (approx 342.34) and recent swing highs during the current downtrend. |
| $392.50 | $380.00 - $405.00 | Strong | The all-time high distribution zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Mean Reversion / Sharp Correction | Bearish | $304.86 | Following a steep, almost parabolic run to highs near 400, the stock is experiencing a sharp mean-reversion pullback towards its 50-week moving average. |
Frequently Asked Questions about AVGO
What is the current sentiment for AVGO?
The short-term sentiment for AVGO is currently Bearish because Price is making lower highs and lower lows, has broken below the 20-week SMA, RSI is trending downwards below 50, and the MACD histogram is negative and expanding.. 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 $301.50 and $267.50. 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 39/100. 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.