AVGO Stock Clings to $369 Support Hours Before Q3 Earnings
AVGO stock closed Tuesday at 369.68, barely above its daily 200-day EMA of 369.07, just hours before fiscal Q3 earnings on Wednesday, September 2. This proximity is no coincidence โ it frames the entire technical picture heading into the print.
Key takeaways
- AVGO stock closed at 369.68, fractionally above the 200-day EMA of 369.07
- Daily RSI14 at 43.33 confirms waning buying pressure without reaching oversold territory
- MACD histogram is widening to -1.67, signaling bearish momentum is gaining traction
- ATR14 at 12.48 suggests any post-earnings move could be unusually large
- A close below S1 at 363.99 would flip the technical picture decidedly bearish
Daily Structure: AVGO Stock Loses Momentum, But the 200-EMA Floor Holds
AVGO stockโs intermediate trend has softened, but the long-term uptrend remains structurally intact as long as the 200-day EMA at 369.07 holds as support.
Trend and Momentum Are Diverging
On the daily chart, price trades below both the 20-day EMA (378.14) and the 50-day EMA (385.67). The intermediate trend has clearly turned soft. However, the close still sits marginally above the 200-day EMA. The broader uptrend structure has not technically broken. The market has lost short-term momentum without yet surrendering its longer-term footing.
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