American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Broadcom price breaches upside trend line - Forecast today - 19-04-2024

Economies.com
2024-04-19 13:26PM UTC

Broadcost’s stock price (AVGO) fell in the intraday levels and trespassed the support of the 50-day SMA, exposing the stock to negative pressure and piercing the upward correctional short-term trend, with negative signals from the RSI, thus doubling negative pressures.

 

Therefore we expect more losses for the stock, targeting the important support of $1174, provided the pivotal resistance of $1438 holds on.

 

Trend forecast: Bearish 

 

 

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