Bullish vs. Bearish (6 opinions)
Social Sentiment 0.18
AVGO Forecast and Technical Stock Analysis
Hold candidate since 2019-09-12 Loss -3.41% PDF
Avago Technologies Limited fell by -3.41% in the last day ( Friday, 13th Sep 2019 ) from $300.58 to $290.32 During the day the stock fluctuated 4.97% from a day low at $283.89 to a day high of $297.99. The price has risen in 7 of the last 10 days and is up by 2.45% over the past 2 weeks. Volume has increased in the last day by 3.36 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 6.21 million shares bought and sold for approximately $1 801.45 million.
- 30 day high of the AVGO stock price was $302.33 and low was $264.85.
- 90 day high was $305.75 and low was $261.34.
- 52 week high for Avago Technologies Limited - $323.20 and low - $208.23.
Avago Technologies Limited is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Avago Technologies Limited with a 90% probability to be traded between $273.01 and $311.68 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday September 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Avago Technologies Limited holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $294.13. On a fall, the stock will find some support from the long-term average at approximately $282.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 65 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 behaviour.
Support & Resistance
Avago Technologies Limited finds support from accumulated volume at $279.05.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $14.10 (4.97%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: $277.62 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
2.53 %Average volatility
Very Low Low Medium High Very High
|AVGO $290.32 ($-10.26 -3.41%)|
AVGO is down $10.26 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!