AVGO Daily Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
AVGO remains in a robust long-term uptrend, clearly defined by its position above the rising 200-day SMA. However, the stock is currently undergoing a sharp short-term correction from recent highs near 490, marked by deteriorating momentum indicators including a bearish MACD crossover and RSI dropping to the low 40s. Price action is currently struggling at the 50-day SMA; continued weakness could see a test of lower support levels near the 380 Bollinger Band or the 200-day SMA.
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AVGO Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is making lower highs and lower lows, having broken below the 20-day SMA and currently testing/breaking the 50-day SMA. MACD shows a strong bearish crossover with an expanding negative histogram, and RSI has dropped below 50.
Long-term Sentiment (weeks to months): Bullish
The macro trend remains upward, with the price structurally well above a rising 200-day SMA, indicating the current downward move is a correction within a broader bullish context.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-08T21:02:32.518Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $385.00 | $380.00 - $390.00 | Weak | Immediate support zone near the lower Bollinger Band and recent minor swing lows. |
| $355.00 | $350.00 - $360.00 | Strong | Major structural support aligning with the rising 200-day SMA and prior historical consolidation areas. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $430.00 | $425.00 - $435.00 | Strong | Immediate overhead resistance near the declining 20-day SMA and recent breakdown points. |
| $485.00 | $480.00 - $490.00 | Strong | Recent significant swing peak acting as major long-term overhead resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Sharp Correction | Bearish | $380.00 | A rapid descent from recent highs, characterized by bearish momentum, increased selling volume on down days, and breaks below short-term moving averages. |
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, having broken below the 20-day SMA and currently testing/breaking the 50-day SMA. MACD shows a strong bearish crossover with an expanding negative histogram, and RSI has dropped below 50.. 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 $385.00 and $355.00. 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 74/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.