Article published Aug 14, 2026. Prices below use latest available snapshots.
Editorial Note: AVGO at $399.97 RSI 53.7 has resolved the SMA200 test flagged on 06/26 in the bulls' favor — price held at that test ($360.01 vs $365.02 on 06/26) and has since recovered +9.6% to $399.97, reclaiming SMA20 ($382.58, +4.5%) and pushing well above SMA200 ($361.25, +10.7%). RSI has recovered from near-oversold 40.3 to a healthy neutral 53.7. 7D is now +5.43% (was -4.47%), 30D +3.9% (was -13.34%) — both have flipped positive, confirming the distribution phase from the May highs has ended. From 52wk high, the gap has narrowed to -19.2% (was -26.26%). Trend is still tagged "weak-down" and regime "pullback," but the price action itself is a clean reversal off the structural floor the prior read identified. The custom ASIC AI chip thesis (XPUs for Google, Meta, Apple) remains intact and is now confirming on the tape rather than being tested.
2026-07-17 tape note: The reclaim has partially reversed. AVGO $370.83, RSI 43.8 (down from 53.7), back below SMA20 (-2.9%, vs +4.5% above two weeks ago). 7D -7.29%, 30D -9.71%, 3M -7.06% — all flipped negative. From 52wk high has widened back to -25.09% (was -19.2%). Golden cross still intact. No fresh fundamentals; this reads as giving back the 07/11 bounce rather than a new leg down, but the SMA200 test may need to be revisited if the slide continues. No new fundamentals re-researched.
2026-07-25 tape note (Friday 2026-07-24 close): The reclaim is back on. AVGO $381.92, RSI 47.6 (up from 43.8) — essentially back at SMA20 (+0.1%, from -2.9% below) and now +5% above SMA200 (from +2.3%). 7D has flipped positive to +2.99% (from -7.29%) and 30D is roughly flat at -0.04% (from -9.71%) — the 07/17 giveback has stabilized rather than extended. 3M has deepened to -9.52% (from -7.06%, a base-effect drag as the May highs roll further out of the window). From 52wk high, the gap has narrowed to -20.71% (from -25.09%). Golden cross intact; no new fundamentals re-researched.
Recent developments: Samsung Electronics won a $200B AI chip partnership with Broadcom, boosting its foundry push — Reuters, July 24. Directly relevant to the custom-ASIC thesis this file tracks.
2026-07-28 tape note: A quiet, roughly flat week. AVGO $380.91 (-0.3% from $381.92), RSI 47.5 (essentially flat) — price has slipped marginally back below SMA20 (-0.5%, from +0.1% above) but remains +4.6% above SMA200 (roughly flat vs +5.0%). 7D has turned slightly negative to -1.45% (from +2.99%), while 30D has flipped positive to +2.27% (from -0.04%) and 3M has improved to -5.9% (from -9.52%). From 52wk high, the gap has widened modestly to -23.05% (from -20.71%). Golden cross intact; regime still "pullback," thesis flag "intact." Reads as consolidation near SMA20/SMA200, not a fresh directional move. No new fundamentals re-researched. Per the full-scan summaries (2026-07-28 close).
2026-07-31 tape note: AVGO $389.28 (+2.20% vs $380.91), RSI 51.3 (warmed from 47.5). 7D +1.93% (turned positive from -1.45%), 30D +5.40% (accelerated from +2.27%), 3M -7.45% (deepened from -5.90%). From the 52-week high, the gap is -21.36% (narrowed from -23.05%). Per the tape: trend "weak-down", regime "pullback", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-07-31 close). 2026-08-08 tape note: AVGO $427.76 (+9.88% vs $389.28), RSI 64.6 (warmed from 51.3). 7D +9.88% (accelerated from +1.93%), 30D +10.05% (accelerated from +5.40%), 3M -0.36% (moderated from -7.50%). From the 52-week high, the gap is -15.50% (narrowed from -21.36%). Per the tape: trend "strong-up", regime "pullback", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-08-07 close). 2026-08-14 tape note: AVGO $392.99 (-8.13% vs $427.76), RSI 46.5 (cooled from 64.6). 7D -8.13% (turned negative from +9.88%), 30D -0.33% (turned negative from +10.05%), 3M -7.43% (deepened from -0.36%). From the 52-week high, the gap is -15.59% (essentially flat from -15.50%). Per the tape: trend "strong-up", regime "pullback", golden cross intact. No new fundamentals re-researched. Per the full-scan summaries (2026-08-14 close).
Quick Snapshot
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 51.3 | neutral, warmed from 47.5 |
| Trend | Weak-down | Unchanged |
| Golden cross | Yes | Intact — LT structure positive |
| SMA20 vs Price | +1.2% above | reversed to above |
| 7D return | +1.93% | turned positive from -1.45% |
| 30D return | +5.40% | accelerated from +2.27% |
| 3M return | -7.5% | deepened from -5.90% |
| From 52wk High | -21.36% | Gap narrowed from -23.05% |
Action Matrix
| Scenario | Level | Notes |
|---|---|---|
| Entry zone | $360–$375 | SMA200 area — price has drifted back down toward this zone |
| Stop-loss | $298 | Below major structure |
| Target (base) | $382 | SMA20 reclaim |
| Target (bull) | $447+ | Return to May ATH |
| Current | RSI 51.3, weak-down | pullback, -21.4% from 52wk high |
Price Data
| Metric | Value |
|---|---|
| Price | $392.99 |
| RSI (14) | 46.5 |
| SMA20 | $399.49 (-1.6%) |
| SMA50 | $390.33 (+0.7%) |
| SMA200 | $368.25 (+6.7%) |
| Trend | strong-up |
| Golden cross | Yes |
| Regime | pullback |
| 7D | -8.13% |
| 30D | -0.33% |
| 3M | -7.43% |
| From 52wk High | -15.59% |
Key Changes vs 07/28
| Metric | 07/28 | 07/31 | Change |
|---|---|---|---|
| Price | $380.91 | $389.28 | up |
| RSI | 47.5 | 51.3 | warmed |
| SMA20 vs Price | -0.5% below | +1.2% below | reversed to above |
| 30D | +2.27% | +5.40% | accelerated |
| From 52wkHi | -23.05% | -21.36% | narrowed |
| Verdict | Tape update: price now $389.28 (+2.2% vs prior refresh), RSI 51.3, trend "weak-down", -21.4% from 52wk high. No new fundamentals re-researched this cycle. |
Research Log
| Date | Update |
|---|---|
| 2026-05-29 | AVGO $446.77, RSI 66, strong-up; near ATH (-0.47%). Prior $415 target exceeded. |
| 2026-06-16 | AVGO $376.71, RSI 41; -10.46% 30D; -9.2% below SMA20; -23.9% from 52wkHi. Entry zone $328-340 approaching. |
| 2026-06-26 | AVGO $365.02, RSI 40.3, weak-down; -4.47% 7D, -13.34% 30D, +21.59% 3M. Monster-scan leader in May → distribution phase complete → now testing SMA200 at $360.01. Only 1.4% above structural floor. Golden cross intact, regime "pullback." RSI 40.3 near oversold. Prior entry zone $328-340 is now only 7% below. SMA200 hold/break resolves direction. No new fundamentals re-researched. |
| 2026-07-11 | AVGO $399.97, RSI 53.7, weak-down (label)/reversing; +5.43% 7D, +3.9% 30D, +5.49% 3M. SMA200 test from 06/26 resolved bullish — price now +10.7% above SMA200 and has reclaimed SMA20. -19.2% from 52wk high (narrowed from -26.26%). Custom ASIC AI chip thesis confirming on the tape. No new fundamentals re-researched. |
| 2026-07-17 | AVGO $370.83, RSI 43.8, weak-down; -7.29% 7D, -9.71% 30D, -7.06% 3M. Gave back the 07/11 SMA20 reclaim; still +2.3% above SMA200. -25.09% from 52wk high (widened from -19.2%). No new fundamentals re-researched. |
| 2026-07-25 | AVGO $381.92, RSI 47.6, weak-down; +2.99% 7D, -0.04% 30D, -9.52% 3M. SMA20 reclaimed (+0.1%); +5.0% above SMA200. -20.71% from 52wk high (narrowed from -25.09%). No new fundamentals re-researched. |
| 2026-07-28 | AVGO $380.91, RSI 47.5, weak-down; -1.45% 7D, +2.27% 30D, -5.9% 3M. Slipped marginally back below SMA20 (-0.5%); +4.6% above SMA200. -23.05% from 52wk high (widened from -20.71%). Quiet, roughly flat week — consolidating. No new fundamentals re-researched. |
| 2026-07-31 | AVGO $389.28, RSI 51.3, weak-down; 7D +1.93%; 30D +5.40%; 3M -7.45%; -21.36% from 52wk high. No new fundamentals re-researched. |
| 2026-08-08 | AVGO $427.76, RSI 64.6, strong-up; 7D +9.88%; 30D +10.05%; 3M -0.36%; -15.50% from 52wk high. No new fundamentals re-researched. |
| 2026-08-14 | AVGO $392.99, RSI 46.5, strong-up; 7D -8.13%; 30D -0.33%; 3M -7.43%; -15.59% from 52wk high. No new fundamentals re-researched. |
Sources
- Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 tape — spacex-s1-supply-chain.
- Prior-cycle history: this file's dated update log (refreshed each full scan).