Stronger Sell Today AVGO ranks #3031 as SELL CANDIDATE #3031 Weaker Sell

AVGO stock forecast Avago Technologies Limited

AVGO stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

AVGO Forecast and Technical Stock Analysis

Sell candidate since 2019-07-17

Avago Technologies Limited gained 0.33% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $284.13 to $285.08 During day the stock fluctuated 1.45% from a day low at $283.19 to a day high of $287.29. The price has been going up and down for this period, and there has been a -3.47% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.09 million more shares were traded than the day before. In total, 1.53 million shares bought and sold for approximately $435.49 million.

Quick summary:

  • 30 day high of the AVGO stock price was $305.75 and low was $261.34.
  • 90 day high was $323.20 and low was $250.09.
  • 52 week high for the Avago Technologies Limited - $323.20 and low - $202.77.
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Trend

Avago Technologies Limited lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $293.89 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.86% during the next 3 months and, with 90% probability hold a price between $207.57 and $261.98 at the end of this period.

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Signals

Avago Technologies Limited holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $281.29 and $276.52. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday July 15, 2019, which indicates further falls until a new bottom pivot has been found.

A buy signal from a double bottom formation was found on Wednesday July 10, 2019 and based on theory for this formation the price should go up by 39.37% to $313.36 within 12 trading days since signal was issued (Friday July 26, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 53 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Avago Technologies Limited finds support from accumulated volume at $272.59.

Support: $272.59 Price: $285.08 Resistance: $289.89

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $4.10 (1.45%) between high and low. For the last week, the stock has had a daily average volatility of 2.20%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.20 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Avago Technologies Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today AVGO ranks #3031 as SELL CANDIDATE #3031 Weaker Sell

Will AVGO stock price go up or down on Fri, 19 Jul 2019?

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