Broadcom stock: buy or sell

AVGO stock price: $477.65 0.48% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

Broadcom stock brief

  • Broadcom stock slightly moved 0.48% to close at $477.65 on the stock market on Wednesday.
  • Broadcom shares are just 3.31% below all-time highs
  • Price is drawing a scaled uptrend since last March with higher tops and higher bottoms. Up to date, price made a 15.72% profit since the beginning of this rally
  • Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions.

Should I buy Broadcom stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AVGO stock a buy?

Currently, Broadcom stock matches one trading strategy:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that price doesn't have upper resistances, and usually it rises fast. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Broadcom can break to ATH any time soon, as it only needs to go up a 3.43%. The buy point is at $494.02 if you want to trade with this strategy. The stop loss would be placed at $444.62

Buy setupBuy pointStop lossRisk
ATH buy setup$494.02$444.6210.00%

Should I sell Broadcom stock?

"To sell or not to sell", if you are holding Broadcom stock?. Trading strategies allow us to avoid rash decisions based on our emotions or the noise surrounding the market. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for selling short $AVGO stock

As a rule of thumb, you should never hold an open trade that yields greater losses than those expected by the time of purchase. When to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Broadcom stock?

Currently, Broadcom stock doesn't match any of our preferred sell setups, so if you hold Broadcom shares and your operation is in profit probably is not time to sell now

Broadcom ratings

We don't have any rating published in the previous 30 days for Broadcom

Broadcom stock analysis

Broadcom shares started an uptrend last March, and gained an amazing 15.72%. The chart shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to enter. Latest pullback was last Friday, when price bounced at $455.71. Like in all uptrends, price needs to rest and currently price is moving in a range between $494.02 and $455.71

$AVGO near to Highs

Close to ATH

SMAs overview

AVGO stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $485.84 (1.71% above)
  • R2: $487.48 (2.06% above)
  • R3: $494.02 (3.43% above)
  • The current support levels are:

  • S1: $474.68 (-0.62% below)
  • S2: $455.71 (-4.59% below)
  • S3: $435.40 (-8.85% below)
  • Bollinger bands

    The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    AVGO stock Bollinger Bands chart

    Relative strength index

    When the moves for so long below 70 and above 30, without indication of overbought and oversold, the indicator becomes of little use, and we are currently in one of these situations.

    AVGO stock RSI chart

    Broadcom stock price history

    Broadcom IPO was on Aug 6th, 2009 priced at $12.72 per share1. Since then, AVGO stock has risen by 3,655.11%, with an average of 332.28% per year. If you had invested $1,000USD in Broadcom stock at that time, it would worth $37,551.10 today.

    1: Adjusted price after possible price splits or reverse-splits

    AVGO stock price history chart

    Price target for Broadcom stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price target released by analysts for the last 30 days. If you are a small trader you should not buy or sell based on these price targets.

    In the previous 30 days we couldn't find any price target published for Broadcom stock.

    Earnings and financials

    Broadcom ($AVGO) had the quarterly shareholders event and presented the report in early June. Wall St. was successful in their forecast of Broadcom's which published $6.62 per share. Accordingly, reported revenues of $6.6 billion were in line with consensus predictions.

    Same quarter one year ago, reported EPS was $5.14, so recently reported EPS means a gain of 28.79%. Sales barely moved on an annualized basis in the , from $0.00 to $66.1B last quarter.

    Broadcom ($AVGO) is hosting the Q3 earnings call next September. Market analysts analysts forecast of $6.88, that is a 3.93% higher than previous quarter.

    Broadcom performance

    AVGO performance compared
    Company1m3m6m
    Broadcom ($AVGO) 1.10% 2.50% 6.50%

    Please read:
    The opinions written in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning reasons only

    Broadcom summary

    Wednesday, July 28th, 2021
    Open$476.7
    Close$477.65
    Day range$474.32 - $479.08
    Previous close$475.36
    Session gain0.48%
    Average true range$12.52
    50d mov avg$467.16
    100d mov avg$462.30
    200d mov avg$438.36
    Earnings dateSeptember 1st, 2021

    Frequently asked questions

    What is Broadcom stock symbol?

    Broadcom Inc. is a public company trading in the US stock market with the AVGO symbol

    Is Broadcom stock a buy or sell?

    Broadcom had no ratings in the last 4 weeks Read the article to get additional tips on trading AVGO stock.

    Will AVGO go up?

    There were no price targets published by analysts in the last 30 days for Broadcom.