AVGO Weekly Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
AVGO remains in a dominant, long-term structural uptrend, supported by rising 50- and 200-week moving averages. However, in the short term, the stock is experiencing a severe pullback following a parabolic run, with momentum indicators rolling over. The immediate focus is whether price can find stabilization near the 20-week SMA support zone (around 360-370).
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AVGO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The stock is currently printing a massive bearish weekly candle, dropping sharply from recent highs. RSI is plunging from overbought levels, and the MACD histogram has turned red, indicating a loss of short-term bullish momentum and an active pullback.
Long-term Sentiment (weeks to months): Bullish
The broader multi-year structural uptrend remains strongly intact. The price continues to trade well above the upward-sloping 50-week and 200-week SMAs, establishing a persistent pattern of higher highs and higher lows.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-06-06T09:01:32.820Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $362.50 | $350.00 - $375.00 | Strong | Confluence zone of the 20-week SMA (middle Bollinger Band) and the recent consolidation area before the final parabolic price spike. |
| $335.00 | $325.00 - $345.00 | Strong | Major structural support zone aligning with the rising 50-week SMA and previous intermediate swing highs. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $450.00 | $440.00 - $460.00 | Weak | Intermediate resistance at the opening level of the current strong bearish weekly candle. |
| $490.00 | $480.00 - $500.00 | Strong | The recent all-time high zone and the upper wick of the highest weekly candle. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Pullback / Mean Reversion | Bearish | $363.00 | After an extremely steep, near-vertical run over several months, the price is undergoing a sharp, high-momentum reversion toward its key weekly moving averages. |
Frequently Asked Questions about AVGO
What is the current sentiment for AVGO?
The short-term sentiment for AVGO is currently Bearish because The stock is currently printing a massive bearish weekly candle, dropping sharply from recent highs. RSI is plunging from overbought levels, and the MACD histogram has turned red, indicating a loss of short-term bullish momentum and an active pullback.. 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 $362.50 and $335.00. 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.