Trading Signals: AVGO Stock Price Prediction and Forecast

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Wed. Jun. 7, 2023

Trading Signals: AVGO Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(Broadcom)
AVGO latest price $792.8450 (0.65%) ($787.3700 - $792.8450) on Wed. Jun. 7, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.12% (three month average)
RSI   79
Latest Price   $792.8450(0.65%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   AVGO declines -0.5% a day on average for past five trading days.
Weekly Trend   AVGO advances 8.1% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support AVGO advance at 0% a week (0% probability)
BOTZ(54%)    ARKK(39%)    ACES(28%)    ARKG(28%)    BLOK(24%)
Factors Impacting AVGO price   AVGO will decline at least -1.06% in a week (0% probabilities).
TBT(-9%)    UUP(-7%)    SMH(-4%)    SHY(1%)    INDA(1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.06% (StdDev 2.12%)
Hourly BBV -0 ()
Intraday Trend 0%

5 Day Moving Average   $798.03(-0.65%)
10 Day Moving Average   $783.97(1.13%)
20 Day Moving Average   $722.85(9.68%)
To recent high   -2.6%
To recent low   29.9%
Market Cap   $318.805b

Broadcom, Inc., is a holding company, which engages in the design, development, and supply of analog and digital semiconductor connectivity solutions. It operates through the following segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial and Other. The Wired Infrastructure segment provides semiconductor solutions for enabling the Set-top Box and broadband access markets. The Wireless Communications segment includes mobile handsets and tablets. The Enterprise Storage segment offers storage products the enable secure movement of digital data to and from host machines such as servers, personal computers, and storage systems to the underlying storage devices. The Industrial and Other segment consists of a variety of products for the general industrial and automotive markets. The company was founded in 1961 and is headquartered in San Jose, CA.

$. AVGO price fluctuates within 9.99% (three month std-dev: 2.12%) daily (68% of days).

Sample size 35 Average positive next day return: 3.01%(54%) Average negative next day return: -2.93%(46%) Sample size 35 Average positive next three day return: 4.26%(66%) Average negative next three day return: -3.48%(34%) Sample size 35 Average positive next weekly return: 5.79%(66%) Average negative next weekly return: -3.99%(34%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230707

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_7_2023	634.54	722.85	783.97	798.03	799.43	789.58	792.85(0.65%)	N/A	N/A	0	-0.1	-79	-80	-160	166	2.89	79%	0.35	66.8	2.12%	-0	1	79	2.2
2	Jun_6_2023	632.35	714.21	774.18	801.64	799.78	795.97	787.69(-1.84%)	CR	SmallShort	-20	-0.2	-273	-40	-398	104	3	79%	0.25	68.5	2.13%	-1.2	1	80	2.4
3	Jun_5_2023	630.75	706.2	763.96	804.94	805.58	809.27	802.44(-1.46%)	UD	OpenLong	75	-0	191	30	137	354	2.14	79%	0.37	70.4	2.12%	-0.3	1.3	84	2.3
4	Jun_2_2023	628.45	697.37	752.18	806.62	805.27	803.59	814.3(2.7%)	UT	HoldLong	65	0.1	141	-20	70	352	5.48	81%	0.38	74.6	2.21%	1.1	1.7	88	2.2
5	Jun_1_2023	626.05	686.9	738.48	789.49	804.4	801.89	792.87(-2.22%)	UD	OpenLong	75	0.1	219	30	164	385	5.64	80%	0.36	70.6	2.19%	-0.8	1.6	87	2

6	May_31_2023	623.83	677.68	725.03	766.84	785.98	806.96	810.91(0.84%)	UT	HoldLong	65	0.7	500	260	500	499	4.49	84%	0.39	64	2.11%	-0.2	2.1	92	1.2
7	May_30_2023	621.4	667.28	708	742	753.15	806.91	804.19(-0.82%)	UD	OpenLong	75	1.1	1224	540	1368	792	11.47	84%	0.43	58.3	2.22%	0.5	2.4	93	1.3
8	May_26_2023	618.74	658.3	690.9	716.79	724.08	765	810.81(11.27%)	UT	HoldLong	65	2	1763	430	2014	1008	6.06	84%	0.42	56	2.16%	1.9	3.3	89	0.8
9	May_25_2023	616.13	648.26	671.91	691	690.91	699.39	728.69(7.23%)	UT	HoldLong	65	1.2	606	90	659	448	4.92	79%	0.28	58.9	1.7%	2.3	2.6	83	0.2
10	May_24_2023	614.4	642.47	661.38	680.89	681.58	683.15	679.58(-1.04%)	UD	OpenLong	75	-0.1	82	20	40	208	1.56	73%	0.21	58.6	1.48%	-0.5	1.5	81	-0.2

11	May_23_2023	613.11	639.13	656.14	676.52	681.23	682.44	686.73(1.27%)	UT	HoldLong	65	0.4	257	30	247	287	2.9	73%	0.12	53.3	1.48%	0.7	2	82	0.9
12	May_22_2023	612.35	635.69	649.26	667.91	673.98	680.01	678.14(-0.55%)	UD	OpenLong	75	0.5	203	90	190	241	1.33	73%	0.2	47.3	1.48%	0.3	2	81	1.2
13	May_19_2023	611.12	633.25	644.07	660.01	665.36	680.03	681.87(0.55%)	UT	OpenLong	75	1.1	568	180	630	383	1.47	68%	0.3	43.7	1.52%	1.1	2.6	64	1.6
14	May_18_2023	609.3	630.47	638.53	649.63	654.64	667.95	678.15(3.11%)	UT	OpenLong	75	1.8	720	170	818	426	1.84	68%	0.22	38.8	1.53%	1.8	3.1	67	2.1
15	May_17_2023	607.94	627.92	631.52	639.21	642.76	650.7	657.71(2.18%)	UT	OpenLong	75	1.7	427	100	484	254	1.67	64%	0.17	30.9	1.5%	1.6	2.7	64	1.6

16	May_16_2023	606.88	626.54	626.99	632.9	634.84	641.34	643.68(0.79%)	UT	OpenLong	75	1.2	290	80	330	171	1.04	61%	0.06	27.8	1.48%	1.4	1.9	63	1.1
17	May_15_2023	606.5	625.76	623.79	627.8	629.97	634.82	638.66(1.38%)	UT	OpenLong	75	1.3	286	60	332	149	1.02	61%	0.15	17.6	1.48%	1.8	1.6	57	1.7
18	May_12_2023	605.61	625.07	623.39	625.65	624.62	628.34	629.95(0.62%)	UT	OpenLong	75	0.6	109	40	125	60	0.89	61%	0.13	11.2	1.46%	1.2	0.6	47	1.2
19	May_11_2023	604.82	624.56	622.79	625.64	623.94	625.11	626.04(-0.02%)	UD	OpenLong	75	0.1	131	0	152	67	0.92	61%	0.11	9.8	1.47%	1.8	0.2	47	1.2
20	May_10_2023	604.15	624.46	622.14	622.49	623.87	620.89	626.16(1.29%)	RB	SmallLong	20	0.5	7	-30	12	-8	1.92	61%	0.14	-4	1.48%	0.6	0.2	47	1.1

21	May_9_2023	603.32	624.07	620.99	620.05	620.4	622.76	618.17(-1.55%)	DT	OpenShort	-75	-0.2	-109	30	-118	-81	1.11	61%	0.12	-22.2	1.47%	-1.8	-0.8	43	0.7
22	May_8_2023	602.61	624.29	621.38	618.89	619.48	626.85	627.93(-0.32%)	UD	OpenLong	75	1.2	318	90	387	110	0.96	60%	0.12	-38.7	1.46%	0.9	0.5	49	1.2
23	May_5_2023	601.87	624.21	621.83	620.91	615.13	618.04	629.91(3.21%)	UT	OpenLong	75	1.1	123	10	154	29	2.49	63%	0.12	-37.8	1.49%	1.9	0.7	52	1.1
24	May_4_2023	601.13	623.81	621.84	619.9	617.45	612.12	610.3(-0.59%)	DT	OpenShort	-75	-1.2	-81	-70	-86	-65	1.18	58%	0.06	-48.8	1.44%	-0.4	-1.7	47	-0.1
25	May_3_2023	600.74	624.79	624.15	621.76	621.2	612.23	613.93(0.25%)	DP	OpenShort	-75	-1.1	-340	-100	-394	-177	1.41	58%		-44.8	1.45%	-0.4	-1.5	46	1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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