Broadcom Inc. (AVGO) Technical Analysis & Key Levels

In-depth technical analysis of Broadcom Inc. (AVGO): trend structure, support and resistance levels, MA50/MA200 alignment, RSI momentum, MACD signals, and 52-week high/low. Updated 2025-09-21.

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Provide a pure technical analysis for Broadcom Inc. (AVGO). Focus on trend, support/resistance, MA crossovers, RSI and MACD. Draw horizontal lines for Support and resistance.

Comprehensive Technical Analysis — AVGO (Broadcom Inc.)

Date: 2025-09-21

Executive snapshot

  • Current price: 344.94
  • Trend context: Price remains well above both MA50 (307.60) and MA200 (238.50). MA50 is above MA200, confirming a bullish secular bias. Recent action shows a strong rally into early September with a pullback into mid-September, then continued consolidation near the 340–360 zone.
  • Momentum: RSI(14) ~ 69 indicates near-term overbought territory but not extreme; MACD (12,26,9) remains positive with the histogram modestly bullish, signaling continued upside momentum but with potential near-term moderation.
  • Key levels: Two supports and two resistances derived from recent price behavior. Also note the 52-week high at 374.23 for context.

Technical structure and indicators

  • Market structure: Uptrend anchored by higher highs in the late Aug–Sept move; near-term price action has formed a congestion zone around 340–360 with a test of the 360 area as resistance and support sitting below at 345–350.
  • Moving averages:
    • MA50 = 307.60; price well above MA50, indicating ongoing near-term strength.
    • MA200 = 238.50; long-term trend clearly bullish; no MA cross concerns from current data.
  • RSI(14): 69.2 (latest). Elevated but not a hard sell signal; still room for a further push if price clears resistance levels.
  • MACD (12,26,9): MACD ~ 15.0 vs Signal ~ 14.5 (positive, rising). Bullish momentum persists, though the pace appears to have moderated vs the peak in early September.

Horizontal levels drawn (based on recent price action) Note: Each line is drawn with the earliest clear touch on the level and extended 100 days into the future.

  • Support 1

    • Level: 300.00
    • Rationale: The Aug 29 close around 297–300 anchored the first clear test of the 300 area in the recent bounce; this level acted as a near-term floor during the upmove.
    • p1.time: 2025-08-29 00:00:00-04:00
    • p2.time: 2025-12-07 00:00:00-04:00
    • Color: Green (#00FF00)

  • Support 2

    • Level: 345.00
    • Rationale: Early-to-mid Sep price action showed a consolidation/relief area around the mid-340s; touches near 345–346 (Sep 17–19) establish a clear floor in the 345 zone.
    • p1.time: 2025-09-17 00:00:00-04:00
    • p2.time: 2026-01-25 00:00:00-04:00
    • Color: Green (darker) (#2ECC71)

  • Resistance 1

    • Level: 360.00
    • Rationale: 360 acted as a near-term cap in mid-September, consistent with a flagging top around the 360–365 area; a test of 360 has relevance for gauging the next leg.
    • p1.time: 2025-09-16 00:00:00-04:00
    • p2.time: 2025-12-24 00:00:00-04:00
    • Color: Red (#FF0000)

  • Resistance 2

    • Level: 370.00
    • Rationale: The price approached the high-360s to ~370 in early September; 370 represents a practical second hurdle on the way toward the 374+ region (52-week high area).
    • p1.time: 2025-09-10 00:00:00-04:00
    • p2.time: 2026-01-18 00:00:00-04:00
    • Color: Red (bright) (#FF4500)

Optional reference levels (context)

  • 52-Week High: 374.23
    • Not drawn as a separate line here to avoid conflating with immediate price action; it provides a longer-term upside cap if price continues to advance beyond current congestion.
  • 52-Week Low: 137.78
    • Not drawn; clearly out-of-sample relative to the near-term technical structure.

Notes on drawing

  • The four horizontal lines above are drawn using 100-day extensions from the earliest touch:
    • 300 line: started 2025-08-29
    • 345 line: started 2025-09-17
    • 360 line: started 2025-09-16
    • 370 line: started 2025-09-10
  • Chart references: AVGO's price action over the last ~3 months shows a strong up-move, with a pullback and consolidation around the 340–360 zone, corroborating the relevance of these levels.

Deliverables: Key levels table (summary)

  • Level | Type | Price | Earliest touch (p1.time) | 100-day extension (p2.time) | Color
  • Support 1 | Support | 300.00 | 2025-08-29 00:00:00-04:00 | 2025-12-07 00:00:00-04:00 | Green (#00FF00)
  • Support 2 | Support | 345.00 | 2025-09-17 00:00:00-04:00 | 2026-01-25 00:00:00-04:00 | Green (#2ECC71)
  • Resistance 1 | Resistance | 360.00 | 2025-09-16 00:00:00-04:00 | 2025-12-24 00:00:00-04:00 | Red (#FF0000)
  • Resistance 2 | Resistance | 370.00 | 2025-09-10 00:00:00-04:00 | 2026-01-18 00:00:00-04:00 | Orange-Red (#FF4500)

Technical analysis — narrative sections

  1. Market structure and trend
  • The price remains in a bullish configuration with a long-term uptrend (price above MA200; MA50 > MA200). The recent consolidation around 340–360 is a typical pause within an uptrend, with tests of resistance around 360 and potential continuation toward the 374+ zone if a new high is pierced.
  1. Moving averages
  • MA50 = 307.60; MA200 = 238.50.
  • Trend perception: Uptrend intact; no crossovers signaling a trend reversal. The current price is comfortably above both moving averages, supporting upside potential as long as 300–345 supports hold.
  1. Momentum and oscillators
  • RSI(14) near 69 indicates stronger near-term momentum but not extreme; watch for a push above 70–72 to confirm accelerating momentum or a dip back below 60–65 to suggest a cooling phase.
  • MACD: Positive and mildly increasing (MACD ~ 15.0 vs Signal ~ 14.5); histogram modestly positive, indicating ongoing bullish momentum but not a fresh acceleration.
  1. Key levels and why they matter
  • Supports:
    • 300 (Support 1): Reduces downside risk if price declines; aligns with prior near-term troughs around 300 in late Aug/early Sep.
    • 345 (Support 2): A higher-horizon support within the current pullback region; a breach below 345 would suggest deeper consolidation or a reversion to the mid-300s.
  • Resistances:
    • 360 (Resistance 1): A pivotal near-term hurdle; a break above 360 would open the path toward 370–374.
    • 370 (Resistance 2): A secondary hurdle near the late-September high; clearing 370 would reinforce the bullish setup toward the 374+ region.
  1. Scenarios and invalidation levels
  • Bullish scenario
    • Trigger: Break and close above 370 with accompanying volume.
    • Target: Initial objective near 374.23 (52-week high zone) and potentially higher toward 380–390 if momentum sustains.
    • Invalidation (bearish risk): Daily close below 345 (Support 2) would undermine the near-term uptrend and imply deeper consolidation toward 300–320.
  • Bearish scenario
    • Trigger: Break and close below 345 with sustained selling pressure.
    • Target: Reversion toward 300–320 region; longer-term risk would escalate if 300 is breached convincingly.
    • Invalidation: A strong recovery above 360 on high volume would refute the immediate bearish setup and re-emphasize the 360–370 resistance region as a refresh point for upside.

Notes

  • The current price remains above key trend lines (MA50, MA200) and sits within a bullish framework, albeit with a near-term overbought risk as indicated by RSI.
  • The drawn supports and resistances align with observable touches and consolidations in the recent price action and provide practical levels for monitoring breakouts or breakdowns.

If you’d like, I can export a chart image with these lines visible on the AVGO price series (daily 3-month view) and the weekly 2-year view for broader context.

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