AVGO Daily Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
The technical outlook for AVGO is bearish in the short term as the price confirms a breakdown from a Head and Shoulders topping pattern, slicing through the lower Bollinger Band. Momentum indicators are aligned with this move; the RSI is falling towards oversold territory without divergence, and the MACD histogram is expanding negatively. The price is rapidly approaching a critical test of the 200-day SMA at 301.45, which serves as the last major line of defense for the long-term uptrend. A failure to hold this level could accelerate the decline toward the 280-290 support zone.
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AVGO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the lower Bollinger Band and key support zones, with RSI trending down and MACD showing expanding negative momentum.
Long-term Sentiment (weeks to months): Neutral
The stock remains above the 200-day SMA (301.45), keeping the primary uptrend technically intact, but the formation of a major top pattern threatens this long-term trend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:02:16.892Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $303.00 | $301.00 - $305.00 | Strong | Confluence of the 200-day SMA (301.45) and previous consolidation zones from mid-2025. |
| $285.00 | $280.00 - $290.00 | Weak | Swing lows from April/May 2025 visible on the left side of the chart. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $326.31 | $322.62 - $330.00 | Strong | Former support turned resistance, coinciding with the Lower Bollinger Band (322.62) and the neckline of the topping pattern. |
| $349.23 | $342.44 - $356.02 | Strong | Zone containing the 20-day SMA (342.44) and the 50-day SMA (356.02). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders Top | Bearish | $280.00 | A clear reversal pattern with the 'head' peaking around 430 in December 2025 and the right shoulder forming in January 2026. Price is currently breaking below the neckline. |
| Strong | Bearish Breakdown | Bearish | N/A | Price has closed significantly below the lower Bollinger Band, indicating high volatility to the downside and strong 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 has broken below the lower Bollinger Band and key support zones, with RSI trending down and MACD showing expanding negative momentum.. The long-term trend is classified as Neutral.
What are the key support levels for AVGO?
StockDips.AI has identified key support levels for AVGO at $303.00 and $285.00. 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 23/100. 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.