AVGO stock showed bearish momentum with -0.27% movement on Jun 20, 2025
Date: Jun 20, 2025 (Friday)
At closed: 4:00:01 PM EDT
open : $253.15
close : $249.99
low : $244.18
high : $253.52
previous close: $250.67
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Company Profile
Symbol : AVGO
Exchange : NASDAQ
Sector : Technology
Industry : Semiconductors
Market Size : 1.176T (Large-Cap)
Website : https://www.broadcom.com/
Price Analysis On Jun 20, 2025 (Friday), Broadcom Inc. (AVGO) showed bearish momentum of -0.27% relative to previous day's close.
Opening Bell At the opening bell, the stock opened at $253.15, a minor gap up of 0.99% from the previous close of $250.67.
Volume Analysis During the day's session, Broadcom Inc. saw a significant increase in trading activity, trading 42,134,900 shares, which is up 54.38% from the average of 27,292,311 shares. This surge in volume suggests heightened investor interest or a major event driving the stock's movement.
Trading Range Broadcom Inc., hit a high of $253.52 and a low of $244.18, creating a trading range of $9.34. The stock closed 0.27% lower than the previous day and 1.25% lower than the day's open.
Volatility Analysis The stock showed moderate volatility (3.74%) with movement between $244.18 and $253.52.
Market view Notably, the stock has been on a strong upward trajectory in recent months but today's close < open forms a bearish candle, going against the trend and hinting at selling pressure or potential weakness in the uptrend.
After Market Price Price at which institutional and individual investors trade after the market closes. The stock had a minimal after-market decline of 0.10%, moving slightly down from $249.99 to $249.75.
Technical View On Chart
From early April to June, Broadcom Inc. (AVGO) displayed a distinct Elliott Impulse Wave pattern on the daily chart. The structure consists of five different waves: three rising movements (1, 3, 5) and two corrective dips (2, 4), which peak in early June. Following wave 5, the stock displays indicators of a negative correction, which is consistent with traditional Elliott Wave theory. The chart shows a dropping trendline and a forecast ABC correction, indicating probable support levels at $240 and $220. This scenario could indicate a near-term downturn before the next market decision point.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.