AVGO Cup Base under Pressure as Price Fails Key MAs, Sentiment Turns Cautious

Posted on by Eben@CANSLIM Research
AVGO daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 3 (Topping), as of September 01, 2026 at 01:08 — CANSLIM Research

Broadcom (AVGO) is forming a 12-week Cup Base with a 26% depth and a pivot at $480.81, yet the current price of $369.70 sits 23.1% below its 52-week high and has fallen beneath both the 50-day and 200-day moving averages. The technical setup shows a topping Stage 3 pattern with churning around the 30-week MA, while the trend template passes only 4 of 8 checks, reflecting a loss of upside momentum. Market focus is on the incomplete base and a confirmed bear flag, with overall sentiment cautious and deteriorating as volume fails to dry up for a VCP confirmation.

As of 2026-08-31 · Close $369.7

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: 2.32%)

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