Broadcom stock price ended at $261.08 on Wednesday, after gaining 1.65%

The Broadcom stock price gained 1.65% on the last trading day (Wednesday, 4th Jun 2025), rising from $256.85 to $261.08. It has now gained 7 days in a row. It is not often that stock manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.04% from a day low at $257.59 to a day high of $265.43. The price has risen in 8 of the last 10 days and is up by 12.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately $8.20 billion.

On Apr 22, 2025, it was reported that Barclays gave AVGO a "Overweight" grade with a "hold" action.

Given the current short-term trend, the stock is expected to rise 34.85% during the next 3 months and, with a 90% probability hold a price between $256.49 and $352.07 at the end of this 3-month period.

The Broadcom stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $246.54 and $212.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 04, 2025, and so far it has risen 78.47%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Broadcom finds support from accumulated volume at $256.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $7.84 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 3.28%.

The Broadcom stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.Since the Broadcom has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Broadcom holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.