AVGO Weekly Technical Analysis
Broadcom Inc
Designs semiconductors and enterprise software following its VMware acquisition.
AVGO Technical Analysis Summary
The weekly chart illustrates a strong long-term uptrend currently experiencing a significant intermediate-term correction. After a massive run-up, bearish momentum has taken over, confirmed by a break below the 20-week SMA and a negative MACD crossover. Long-term investors should watch for potential stabilization near the rising 50-week moving average in the 290-300 zone.
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AVGO Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-week moving average following a sharp decline from all-time highs. RSI has fallen rapidly to the 50 level, and the MACD shows a clear bearish crossover with expanding negative histogram, confirming downward momentum.
Long-term Sentiment (weeks to months): Bullish
The broader multi-year trend remains firmly upward. The price is still trading significantly above the rising 50-week and 200-week moving averages, suggesting the current action is a structural pullback within a larger bull market.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:33:16.625Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $297.50 | $290.00 - $305.00 | Strong | Confluence of the rising 50-week moving average and prior consolidation zones. |
| $250.00 | $240.00 - $260.00 | Strong | Major prior breakout and consolidation area from late 2024. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $355.00 | $345.00 - $365.00 | Strong | The 20-week moving average (currently near 348) and the lower bound of recent upper consolidation before the breakdown. |
| $430.00 | $420.00 - $440.00 | Strong | Recent all-time high area. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Mean Reversion / Correction | Bearish | $295.00 | After a parabolic, multi-month run stretching far above long-term moving averages, the price is undergoing a sharp reversion towards the 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 has broken below the 20-week moving average following a sharp decline from all-time highs. RSI has fallen rapidly to the 50 level, and the MACD shows a clear bearish crossover with expanding negative histogram, confirming downward momentum.. 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 $297.50 and $250.00. 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 41/100. 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.