Operating under the name "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)," this trading robot has recently demonstrated its capabilities by generating a remarkable gain of +7.04% while trading AVGO (Broadcom Limited) over the course of the previous week. In addition to its successful performance, AVGO's recent earnings report has further reinforced its potential for upward momentum. Let's delve into the details and analyze the earning results and market indicators associated with AVGO.
Momentum Indicator Signals Potential Upward Movement: On May 10, 2023, AVGO's Momentum Indicator crossed above the 0 level, suggesting a potential shift towards a new upward move. This development indicates an opportune time for traders to consider buying the stock or purchasing call options. To provide historical context, Tickeron's A.I.dvisor analyzed 93 instances where the indicator turned positive and found that in 68 out of 93 cases, the stock moved higher in the following days. This implies a favorable 73% probability of a subsequent upward movement.
Impressive Earnings Report Exceeds Expectations: AVGO's most recent earnings report, released on June 01, revealed earnings per share (EPS) of $10.32, surpassing the estimated figure of $10.12. This beat in earnings reflects the company's ability to deliver strong financial performance and highlights its resilience in a competitive market. With 639.80K shares outstanding, AVGO currently boasts a market capitalization of approximately $352.99 billion. This sizable market capitalization reflects the confidence of investors and the company's position as a key player in the industry.
The Day Trader robot's successful trading performance with AVGO underscores the potential profitability of employing artificial intelligence in financial markets. AVGO's recent Momentum Indicator crossing above the 0 level, coupled with its impressive earnings report, suggests that the stock may continue its upward trajectory. Traders seeking opportunities in medium volatility stocks could find AVGO an appealing option, either by directly purchasing the stock or exploring call options.
The RSI Oscillator for AVGO moved out of oversold territory on November 29, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 10 similar instances when the indicator left oversold territory. In of the 10 cases the stock moved higher. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on AVGO as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AVGO just turned positive on December 04, 2024. Looking at past instances where AVGO's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
AVGO moved above its 50-day moving average on December 06, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVGO advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for AVGO crossed bearishly below the 50-day moving average on November 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AVGO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AVGO broke above its upper Bollinger Band on December 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AVGO entered a downward trend on December 09, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AVGO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (12.136) is normal, around the industry mean (9.168). P/E Ratio (137.771) is within average values for comparable stocks, (58.695). Projected Growth (PEG Ratio) (1.198) is also within normal values, averaging (3.095). Dividend Yield (0.012) settles around the average of (0.021) among similar stocks. P/S Ratio (16.892) is also within normal values, averaging (45.382).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of digital and analog semiconductor products
Industry Semiconductors