Moving Average Resistance Caps AVGO at $323.24
Bearish
Oct 23, 2026 at 12:08 AM
•
$323.24
(-4.31%)
Broadcom Inc (AVGO) retreated 4.31%, ending the session at $323.24 on October 23.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($338.85) and 21-day ($347.42) EMAs, suggesting short-term weakness.
Momentum
RSI at 34.0 is showing no strong directional bias. MACD reads -7.98 against its -5.28 signal line (bearish).
Volatility
Bollinger Band width at 15.7% indicates normal volatility.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $322.76.
Traders are watching $322.76 on the downside and $377.77 on the upside.