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AI Analysis of AVGO
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Broadcom stock price down 2.78% on Friday
(Updated on Apr 12, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.29% PDF

The Broadcom stock price fell by -2.78% on the last day (Friday, 12th Apr 2024) from $1,382.46 to $1,344.07. During the last trading day the stock fluctuated 2.23% from a day low at $1,336.62 to a day high of $1,366.41. The price has fallen in 6 of the last 10 days but is still up by 1.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -295 thousand shares and in total, 3 million shares were bought and sold for approximately $3.71 billion.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.05% during the next 3 months and, with a 90% probability hold a price between $1,437.35 and $1,669.67 at the end of this 3-month period.

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AVGO Signals & Forecast

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 $1,339.43 and $1,321.44. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -4.47%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Broadcom stock

Broadcom finds support from accumulated volume at $1,308.72 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 $29.79 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 2.96%.

Our recommended stop-loss: $1,283.76 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (AVGO) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Broadcom Inc. to open at $1,349.03, and during the day (based on 14 day Average True Range), to move between $1,296.78 and $1,391.36, which gives a possible trading interval of +/-$47.29 (+/-3.52%) up or down from last closing price. If Broadcom Inc. takes out the full calculated possible swing range there will be an estimated 7.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1,348.00 (0.29%) than the support at $1,308.72 (2.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Broadcom Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Broadcom stock to perform well in the short-term.

Current score: 1.167 Buy Candidate Unchanged

Predicted Opening Price for Broadcom Inc. of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$1,349.03 ( 0.369%) $1,344.07

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AVGO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,378.82 2.59 %
R2 1,367.44 1.74 %
R1 1,360.41 1.22 %
Current price: 1,344.07
Support S1 1,337.65 -0.477 %
S2 1,330.62 -1.00 %
S3 1,319.24 -1.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,407.01 4.68 %
R2 1,399.17 4.10 %
R1 1,348.00 0.292 %
Current price 1,344.07
Support S1 1,308.72 -2.63%
S2 1,235.50 -8.08%
S3 1,211.20 -9.89%

AVGO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 20, 2024 Mar 29, 2024 $5.25 0.396%
2 Dec 07, 2023 Dec 20, 2023 Dec 29, 2023 $5.25 0.470%
3 Dec 07, 2023 Dec 19, 2023 Dec 29, 2023 $5.25 0.470%
4 Aug 31, 2023 Sep 20, 2023 Sep 29, 2023 $4.60 0.554%
5 May 31, 2023 Jun 21, 2023 Jun 30, 2023 $4.60 0.530%

FAQ

What is the symbol for Broadcom Stock and on which exchange is it traded?
The symbol for Broadcom is AVGO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Broadcom Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Broadcom stock to perform well in the short-term.

How to buy Broadcom Stock?
Broadcom Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Broadcom Stock.

What's the current price of Broadcom Stock?
As of the end of day on the 2024-04-12, the price of an Broadcom (AVGO) share was $1,344.07.

What is the 52-week high and low for Broadcom Stock?
The 52-week high for Broadcom Stock is $1,438.17 and the 52-week low is $601.29.

What is the market capitalization of Broadcom Stock?
As of the 2024-04-12, the market capitalization of Broadcom is 622.87B.

When is the next earnings date for Broadcom?
The upcoming earnings date for Broadcom is Jun 06, 2024.
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About Broadcom Inc.

Broadcom Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer pr... AVGO Profile

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