AVGO Sees Solid Growth with Trader Robot's +4.49% Profits
AI trading robots have become increasingly popular tools for investors seeking to automate their trading strategies. One such example is the "Trend Trader: Popular Stocks (TA&FA)" bot, which has demonstrated its prowess by generating a remarkable 4.49% gain while trading AVGO (Broadcom Inc.) over the previous week. This article delves into the earnings results and provides insights into the bot's performance.
Analyzing AVGO's Momentum Indicator:
AVGO's Momentum Indicator crossed above the 0 level on July 6, 2023, signaling a potential shift towards a new upward trend. This development presents an opportunity for traders to consider buying the stock or acquiring call options. By examining 95 similar instances where the indicator turned positive, Tickeron's A.I.dvisor found that in 70 out of 95 cases, the stock moved higher in the subsequent days. Consequently, the odds of AVGO experiencing a move higher currently stand at an encouraging 74%.
Impressive Earnings Report:
AVGO's latest earnings report, released on June 1, revealed earnings per share (EPS) of $10.32, surpassing the estimated EPS of $10.12. This positive earnings surprise reflects the company's strong financial performance and highlights its ability to outperform market expectations. With 966.45K shares outstanding, AVGO's current market capitalization stands at an impressive $375.69 billion, underscoring its position as a major player in the market.
Summary:
The success of AI trading robots in generating consistent gains has caught the attention of investors seeking innovative solutions to enhance their trading strategies. The "Trend Trader: Popular Stocks (TA&FA)" bot's impressive 4.49% gain on AVGO demonstrates the potential of these automated systems to outperform in the market. Furthermore, AVGO's Momentum Indicator crossing above the 0 level suggests a promising upward move ahead, offering traders an opportunity to capitalize on this potential shift. Additionally, AVGO's recent earnings report, which exceeded expectations, reinforces the company's strong financial performance and further bolsters investor confidence.
AVGO in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 21, 2023
AVGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where AVGO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 46 cases where AVGO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVGO advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AVGO as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AVGO turned negative on September 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
AVGO moved below its 50-day moving average on September 01, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AVGO crossed bearishly below the 50-day moving average on September 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 .
The Aroon Indicator for AVGO entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 63, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (15.576) is normal, around the industry mean (7.944). P/E Ratio (25.641) is within average values for comparable stocks, (53.779). Projected Growth (PEG Ratio) (1.267) is also within normal values, averaging (2.342). Dividend Yield (0.022) settles around the average of (0.022) among similar stocks. P/S Ratio (9.833) is also within normal values, averaging (72.586).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of digital and analog semiconductor products
Industry Semiconductors
AVGO and
Correlation & Price change
A.I.dvisor indicates that over the last year, AVGO has been closely correlated with INTC. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVGO jumps, then INTC could also see price increases.
| Ticker / NAME | Correlation To AVGO | 1D Price Change % | ||
|---|---|---|---|---|
| AVGO | 100% | -2.12% | ||
| INTC - AVGO | 73% Closely correlated | -1.34% | ||
| AMKR - AVGO | 72% Closely correlated | -0.89% | ||
| AMAT - AVGO | 71% Closely correlated | -1.84% | ||
| TXN - AVGO | 71% Closely correlated | -1.83% | ||
| MCHP - AVGO | 70% Closely correlated | -1.78% | ||
More | ||||