Trading Signals: AVGO Stock Price Prediction and Forecast

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Fri. Dec. 8, 2023

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

(Broadcom)
AVGO latest price $944.1000 (2.34%) ($910.3600 - $944.1000) on Fri. Dec. 8, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.75% (three month average)
RSI   39
Latest Price   $944.1000(2.34%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   AVGO advances 0.3% a day on average for past five trading days.
Weekly Trend   AVGO declines -3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support AVGO advance at 0% a week (0% probability)
QQQ(65%)    XLK(58%)    FIVG(55%)    EWY(53%)    MCHI(46%)
Factors Impacting AVGO price   AVGO will decline at least -0.875% in a week (0% probabilities).
GLD(-58%)    VIXM(-47%)    VXX(-34%)    BLOK(-31%)    UUP(-20%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.875% (StdDev 1.75%)
Hourly BBV 2.7 ()
Intraday Trend 0%

Resistance Level   $949.43
5 Day Moving Average   $921.37(2.47%)
10 Day Moving Average   $929.49(1.57%)
20 Day Moving Average   $949.43(-0.56%)
To recent high   -5.2%
To recent low   16.4%
Market Cap   $379.626b

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 2.6% (three month std-dev: 1.75%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240108

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	Dec_8_2023	880.86	949.43	929.49	921.37	919.39	929.07	944.1(2.34%)	UT	OpenLong	75	0.9	366	70	461	82	6.96	56%	0.06	16.2	1.75%	2.7	-0.2	39	1.2
2	Dec_7_2023	880.36	948.04	931.92	918.63	915.83	915.18	922.48(2.08%)	RB	SmallLong	20	0.1	78	-10	123	-57	2.5	54%	0.02	19.6	1.73%	1.9	-1	39	1
3	Dec_6_2023	880.15	947.84	936.6	919.17	917.81	909.7	903.7(-1.07%)	DT	OpenShort	-75	-0.6	-266	-70	-281	-221	2.48	52%	-0	29.7	1.72%	-1.4	-1.6	29	1.2
4	Dec_5_2023	880.17	948.08	944.36	926.75	922.13	916.47	913.43(-1.05%)	DT	OpenShort	-75	-0.5	-375	-60	-414	-257	3.68	52%	0	46.9	1.72%	-1.1	-1.3	32	1.3
5	Dec_4_2023	880.14	947.01	952.47	933.12	929.65	925.91	923.13(-0.78%)	DT	OpenShort	-75	-0.3	-158	-40	-166	-132	2.5	52%	0.04	55	1.71%	-0.5	-0.8	46	1.4

6	Dec_1_2023	879.8	945.47	958.01	938.59	935.61	927.79	930.41(0.57%)	DP	OpenShort	-75	-0.2	-262	-70	-294	-166	2.32	48%	0.05	63.1	1.72%	-0.3	-0.5	44	1.3
7	Nov_30_2023	879.4	942.97	961.34	947.41	942.55	933.39	925.17(-1.74%)	DT	OpenShort	-75	-0.6	-412	-80	-480	-207	2.68	51%	0.04	70.2	1.86%	-1.3	-0.5	57	1.4
8	Nov_29_2023	879.05	939.94	966.54	956.77	954.88	943.44	941.6(-0.39%)	DT	OpenShort	-75	-0.4	-297	-90	-355	-121	2.15	53%	0.07	69.8	1.85%	-0.8	0	61	1.3
9	Nov_28_2023	878.45	935.45	969.9	964.72	962.42	951.71	945.27(-0.55%)	DT	OpenShort	-75	-0.4	-445	-90	-541	-158	3.05	53%	0.08	64.2	1.89%	-1.3	0.2	65	1.5
10	Nov_27_2023	877.74	930.71	970.57	974.79	971.45	966.32	950.52(-2.46%)	DT	OpenShort	-75	-0.5	-240	-50	-312	-25	9.55	53%	0.12	63.5	1.89%	-2.7	0.4	70	1.3

11	Nov_24_2023	876.7	925.25	971.66	980.11	979.39	973.13	974.5(0.26%)	N/A	N/A	0	-0.1	-51	-50	-100	98	2.3	55%	0.16	61	1.87%	0	0.9	76	1.4
12	Nov_22_2023	875.28	918.11	965.9	977.27	980.03	976.58	971.94(-0.96%)	CR	SmallShort	-20	-0.1	-128	-20	-193	69	3.36	57%	0.11	53.9	1.91%	-1.5	1	78	1.2
13	Nov_21_2023	874.31	912.12	960.3	977.64	977.17	985.64	981.39(-1.43%)	UD	OpenLong	75	0.1	117	60	88	205	3.68	60%	0.12	53.3	1.91%	-0	1.3	83	1.3
14	Nov_20_2023	873.25	906.81	952.28	975.89	975.27	983.49	995.62(1.9%)	UT	HoldLong	65	0.4	430	60	451	365	1.87	60%	0.15	54.5	1.97%	1.7	1.7	88	1.4
15	Nov_17_2023	871.95	899.99	940.96	966.07	970.96	968.7	977.09(1.75%)	UT	HoldLong	65	0.2	185	-0	163	250	1.52	60%	0.14	49.5	1.96%	1.2	1.6	87	1.5

16	Nov_16_2023	870.77	893.58	931.64	962.21	963.32	967.05	960.31(-1.38%)	CR	OpenShort	-55	-0	-67	30	-138	145	1.89	60%	0.13	48	1.96%	-1.1	1.4	87	1.5
17	Nov_15_2023	869.61	888.74	922.93	952.43	962.69	973.22	973.78(0.12%)	UT	HoldLong	65	0.5	566	110	606	444	1.06	60%	0.15	41	1.95%	0.9	2	93	1.6
18	Nov_14_2023	868.34	883.78	910.91	939.97	946.93	959.59	972.66(2.76%)	UT	HoldLong	65	0.8	419	120	439	358	1.68	62%	0.17	38.5	1.96%	1.6	2.3	79	1.5
19	Nov_13_2023	866.84	878.82	897.75	925.02	931.72	952.16	946.51(-1.18%)	UD	OpenLong	75	0.6	597	180	660	409	1.19	60%	0.14	35.4	1.95%	0.8	2	64	1.4
20	Nov_10_2023	865.59	876.13	887.24	911.93	919.58	934.28	957.8(5.09%)	UT	OpenLong	75	1.5	795	140	902	475	2.63	60%	0.13	35.1	1.96%	2	2.7	69	1.4

21	Nov_9_2023	864.43	871.93	874.5	896.96	900.09	911.29	911.41(-0.01%)	UD	OpenLong	75	0.6	270	100	293	201	2.4	54%	0.07	32.6	1.87%	0.5	1.6	65	0.9
22	Nov_8_2023	863.82	871.3	866.13	888.91	893.14	904.88	911.47(1.51%)	UT	OpenLong	75	1	523	110	600	293	1.07	54%	0.05	41	1.92%	1.4	1.7	59	1.6
23	Nov_7_2023	863.39	869.08	859.75	877.28	882.27	888.9	897.93(1.92%)	UT	OpenLong	75	1	330	70	382	172	1.15	54%	0.04	40.2	1.92%	1.8	1.3	51	1.7
24	Nov_6_2023	863.03	867.14	857.33	866.15	871.13	881.41	881.05(-0.22%)	UD	OpenLong	75	0.7	255	100	301	116	1.29	52%	0.02	37.3	1.93%	0.1	0.7	47	1.9
25	Nov_3_2023	862.9	865.74	855.45	858.39	861.95	875.65	882.95(1.36%)	UT	OpenLong	75	1.2	462	120	553	189	1.25	52%		32.1	1.93%	1.1	0.8	42	1.9
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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