Incredible Robot Performance: AVGO Trade Results in 7.04% Profit
One such AI trading robot, featured in Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), has emerged as a top performer. This article will delve into the recent performance of the robot in Tickeron's factory, its impact on AVGO stock, and the positive earnings report that further strengthens the investment case.
AI Trading Robot's Success with AVGO: The AI trading robot from Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) showcased impressive performance in Tickeron's robot factory over the course of a week. Specifically, it generated a notable return of 7.04% for AVGO (Broadcom Inc.), highlighting its ability to identify profitable trading opportunities.
Technical Analysis Signals a Bullish Trend: Technical analysis plays a crucial role in determining market trends and potential buying or selling opportunities. On May 17, 2023, the 10-day moving average for AVGO crossed bullishly above the 50-day moving average. This development is considered a significant indicator, suggesting a shift towards a higher trend and potentially signaling a buy opportunity. Historical data indicates that in 12 out of 14 instances when the 10-day moving average crossed above the 50-day, the stock continued to experience upward momentum over the following month. These statistics indicate an 86% probability of a continued upward trend for AVGO.
Positive Earnings Report: In addition to the AI trading robot's success and favorable technical analysis, the recent earnings report further enhances AVGO's investment case. The earnings report released on March 02 showcased earnings per share (EPS) of $10.33, surpassing the estimated EPS of $10.18. This positive earnings surprise demonstrates the company's strong financial performance and its ability to outperform market expectations.
Market Capitalization and Share Structure: AVGO boasts a significant market capitalization, reflecting its prominence in the stock market. With 272.67K shares outstanding, the current market capitalization stands at an impressive $284.45 billion. The large market capitalization signifies the company's scale, stability, and attractiveness to investors.
The AI trading robot featured in Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) has proven its mettle by generating substantial returns for AVGO within Tickeron's robot factory. The recent bullish crossover of the 10-day moving average above the 50-day moving average provides an additional confirmation of the potential buying opportunity. Furthermore, AVGO's positive earnings report, where it surpassed EPS estimates, reinforces the company's strong financial performance. With a significant market capitalization, AVGO remains an appealing investment option for those seeking exposure to the technology sector.
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 shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVGO advanced for three days, in of 344 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 (15.504) is normal, around the industry mean (7.929). P/E Ratio (25.510) is within average values for comparable stocks, (53.587). Projected Growth (PEG Ratio) (1.260) is also within normal values, averaging (2.336). Dividend Yield (0.022) settles around the average of (0.022) among similar stocks. P/S Ratio (9.775) is also within normal values, averaging (72.527).
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.
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Industry description
Market Cap
High and low price notable news
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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% | +2.56% | ||
| INTC - AVGO | 73% Closely correlated | -1.36% | ||
| AMKR - AVGO | 72% Closely correlated | +0.67% | ||
| AMAT - AVGO | 71% Closely correlated | +0.72% | ||
| TXN - AVGO | 71% Closely correlated | -0.06% | ||
| MCHP - AVGO | 70% Closely correlated | +1.30% | ||
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