Broadcom stock closes 4.52% lower with hourly RSI in oversold territory
Photo: The Cryptonomist
Broadcom stock carries a bearish daily bias, with the completed session below its key exponential averages and lower Bollinger band. The hourly chart confirms that direction. However, oversold readings on the shorter timeframes complicate the immediate timing without establishing a bullish case. Key takeaways Broadcom stock closed Friday at $328.75 , down 4.52% from the previous close. The daily close sits below the 20-session EMA at $354.22 and the 50-session EMA at $363.28 . Daily RSI14 stands at 34.79 ; the daily MACD line is -4.84, below its signal at -2.87, with a histogram of -1.97 .
Source: The Cryptonomist
