Broadcom (AVGO, $621.57) shows signs of entering a bullish trend, indicating potential for continued uptrend.
The rise of AI in the stock market has brought about new possibilities for traders and investors to make informed decisions. For AVGO, Tickeron's Swing trader Top High Volatility Stocks v.2 TA bot has been one of the best performers in their robot factory. This particular bot is accessible through their website, and traders can use it to gain insights into potential trading opportunities. The bot leverages AI and technical analysis to provide recommendations for buying and selling AVGO stock.
Broadcom (AVGO) has been a subject of interest for many traders and investors lately due to its recent performance in the stock market. According to A.I.dvisor's prediction, the stock is expected to grow by 4% to $646.43 or more within the next month. This is good news for those who have invested in the stock, as the odds of an uptrend continuation are at 87%, based on similar previously-analyzed scenarios.
One factor that may indicate a possible shift in the stock's trend is AVGO's 10-day RSI Indicator, which moved out of overbought territory on March 07, 2023. This could signal that the stock is shifting from an upward trend to a downward trend, which may prompt traders to consider selling the stock or buying put options. Tickeron's A.I.dvisor has analyzed 44 instances where the indicator moved out of the overbought zone, and found that in 24 of those cases, the stock moved lower in the days that followed, putting the odds of a move down at 55%.
Despite this, there are several reasons to remain optimistic about AVGO's potential for growth. The company has a strong track record of success, and its recent performance in the stock market has been positive. Additionally, the A.I.dvisor's prediction for growth within the next month suggests that there is still room for the stock to continue on its upward trajectory.
Investors and traders should carefully consider all available information before making any decisions regarding AVGO. While the recent shift in the RSI Indicator may be cause for concern, it is important to look at the bigger picture and consider all factors that may impact the stock's performance in the coming days and weeks. With careful analysis and strategic decision-making, investors can position themselves for success in the ever-changing stock market.
AVGO's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for AVGO turned positive on May 11, 2023. Looking at past instances where AVGO's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 10, 2023. You may want to consider a long position or call options on AVGO as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
AVGO moved above its 50-day moving average on May 10, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AVGO crossed bullishly above the 50-day moving average on May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where AVGO advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 345 cases where AVGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where AVGO's Stochastic Oscillator exited the overbought zone, the price fell further within 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 May 25, 2023. 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.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 64, placing this stock better than average.
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 (15.385) is normal, around the industry mean (7.053). P/E Ratio (25.445) is within average values for comparable stocks, (54.079). Projected Growth (PEG Ratio) (1.387) is also within normal values, averaging (2.571). Dividend Yield (0.021) settles around the average of (0.024) among similar stocks. P/S Ratio (9.833) is also within normal values, averaging (11.823).
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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to average 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.
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 TXN. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVGO jumps, then TXN could also see price increases.
| Ticker / NAME | Correlation To AVGO | 1D Price Change % | ||
|---|---|---|---|---|
| AVGO | 100% | -1.53% | ||
| TXN - AVGO | 83% Closely correlated | +0.06% | ||
| AMAT - AVGO | 80% Closely correlated | +0.16% | ||
| MCHP - AVGO | 80% Closely correlated | +2.96% | ||
| NXPI - AVGO | 78% Closely correlated | +2.66% | ||
| SWKS - AVGO | 77% Closely correlated | +0.93% | ||
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