AVGO Weekly Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
Broadcom Inc. (AVGO) exhibits a robust long-term bullish structure, trading significantly above its rising 50-week and 200-week moving averages. The stock is currently navigating a short-term pullback, testing support near the lower Bollinger Band and the 310 level while the RSI holds neutral ground at 50. While the MACD histogram indicates short-term bearish momentum, the preservation of key support levels suggests this is a healthy consolidation within a larger uptrend.
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AVGO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is currently in a corrective phase below the 20-week SMA with bearish MACD momentum, but is showing signs of support at the lower Bollinger Band and maintaining the RSI 50 midline.
Long-term Sentiment (weeks to months): Bullish
The stock remains in a clearly defined long-term uptrend, trading well above the rising 50-week and 200-week SMAs with a structure of higher highs and higher lows.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:28:51.610Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $314.00 | $310.00 - $318.00 | Strong | Confluence of the Lower Bollinger Band and recent weekly swing lows. |
| $283.00 | $280.00 - $286.00 | Strong | 50-week SMA support and previous consolidation zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $352.00 | $349.00 - $355.00 | Moderate | 20-week SMA (Bollinger Band basis) acting as dynamic resistance. |
| $385.00 | $380.00 - $390.00 | Strong | Recent all-time highs and Upper Bollinger Band area. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Long-term Uptrend | Bullish | N/A | Consistent higher highs and higher lows since late 2022 supported by moving averages. |
| Moderate | Bullish Pullback | Bullish | $390.00 | Price is consolidating after a strong rally, testing support levels without breaking key structural trends. |
Frequently Asked Questions about AVGO
What is the current sentiment for AVGO?
The short-term sentiment for AVGO is currently Neutral because Price is currently in a corrective phase below the 20-week SMA with bearish MACD momentum, but is showing signs of support at the lower Bollinger Band and maintaining the RSI 50 midline.. 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 $314.00 and $283.00. 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 107/100. 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.