Profit Surge: Trader Robot Delivers for $AVGO Last Week
In the fast-paced world of AI trading, algorithms powered by sophisticated technical analysis tools are making waves. The "Swing trader: Top High-Volatility Stocks v.2 (TA)" bots have proven their mettle, securing a remarkable +6.02% gain in a week of trading AVGO.
Positive Signs in AVGO's MACD Histogram
One key technical indicator that caught the attention of these AI bots is AVGO's Moving Average Convergence Divergence (MACD) Histogram, which turned positive on January 19, 2024. Historical data reveals that in 76% of cases where AVGO's MACD turned positive, the stock continued to rise in the following month. This signals a potential upward trend in the coming weeks.
Earnings Report Highlights
AVGO's latest earnings report on December 07 exceeded expectations, with earnings per share reaching $11.06, surpassing the estimated $10.96. With 2.58 million shares outstanding, AVGO's current market capitalization stands impressively at $495.59 billion. Furthermore, investors were rewarded with a dividend of $5.25 per share, a testament to the company's financial health.
Understanding the significance of dividend-related dates is crucial for investors. AVGO's ex-dividend date of December 19, 2023, meant that buyers prior to this date received the dividend, while those purchasing on or after missed out, as the dividends were retained by the seller.
Market Cap Insights
Comparing AVGO to industry peers, its market cap of $495.59 billion stands out. The average market capitalization in the Semiconductors Industry is $31.22 billion, with tickers ranging from $13.43 thousand to $1.12 trillion. Notably, NVDA leads the pack with the highest valuation, while CYBL is the lowest valued company at $13.43 thousand.
Highs and Lows in Price Movements
Analyzing the price movements across the Semiconductors Industry, the average weekly, monthly, and quarterly growth rates provide valuable insights. The weekly growth averaged -1%, monthly growth averaged -2%, and quarterly growth averaged 0%. POET saw the highest price growth at 21%, while ODII experienced a notable decline of -53%.
Volume Dynamics in the Industry
Examining volume trends is essential for understanding market sentiment. Across the Semiconductors Industry, the average weekly volume growth was -7%, contrasting with the monthly growth of 118% and quarterly growth of 40%. These figures highlight the potential volatility and changing investor sentiment within the industry.
In summary, the recent success of AI trading bots in navigating AVGO's positive MACD Histogram and robust earnings report reflects the increasing sophistication of algorithmic trading.
AVGO in -9.12% downward trend, declining for three consecutive days on December 19, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AVGO declined for three days, in of 257 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AVGO moved out of overbought territory on December 18, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 64 similar instances where the indicator moved out of overbought territory. In of the 64 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 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 .
AVGO broke above its upper Bollinger Band on December 13, 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.
Bullish Trend Analysis
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 50 cases over the following month. The odds of a continued upward trend are .
AVGO moved above its 50-day moving average on December 11, 2024 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 December 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 +3 3-day Advance, the price is estimated to grow further. Considering data from situations where AVGO advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 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 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 significantly 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 (15.244) is normal, around the industry mean (10.360). AVGO has a moderately high P/E Ratio (171.155) as compared to the industry average of (57.127). Projected Growth (PEG Ratio) (0.626) is also within normal values, averaging (3.148). Dividend Yield (0.009) settles around the average of (0.021) among similar stocks. P/S Ratio (20.450) is also within normal values, averaging (46.311).
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.
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General Information
a manufacturer of digital and analog semiconductor products
Industry Semiconductors