Broadcom Tokenized Stock Stays Near 24-Hour Low Despite 0.25% Gain

Broadcom Tokenized Stock (AVGO) traded near the bottom of its 24-hour range Sunday, even as it remained slightly higher over the period. The quote was $295.56, up 0.25% in 24 hours and $0.86 above the low of $294.70.

The instrument had reached $297.18 during the period. Binance Futures volume was $1,752,203.

AVGO was below its 7-day simple moving average of $309.00, 20-day average of $323.59, 50-day average of $342.07 and 200-day average of $381.26. The 14-period relative strength index was 31.53, and the MACD was -12.0445. Stochastic readings were 9.83 for %K and 7.86 for %D; the lower Bollinger Band was $291.88.

Binance’s global long-to-short ratio was 2.8971, with 74.3% long. The ratio for top traders was 4.0454, with 80.2% long. Funding was 0.0000%.

Model levels placed immediate support at $294.45 and strong support at $293.33. The pivot was $295.81, with immediate resistance at $296.93 and strong resistance at $298.29.