Broadcom stock: buy or sell

AVGO stock price: $459.79 0.55% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Broadcom stock brief

  • Broadcom closed on Wednesday at $459.79 after scarcely moving a 0.55% and broke a streak of 3 sessions in red.
  • Looking at the chart, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. shares price lost a -6.41% since the downtrend started.
  • Broadcom Inc. designs, develops, and supplies semiconductor infrastructure software solutions.

Should I buy Broadcom stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $AVGO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Broadcom stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid rash decisions based on our moods or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow but are only applicable for selling shares you already own, not for selling short Broadcom stock

A guiding principle is that you should not keep an operation that yields losses greater than those expected at the time of the buy. The moment to sell your stock always has to be ruled 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 own Broadcom stock and your operation is in profit probably is not time to sell now

Price lost SMA50 level

However, that upward trend may have come to an end, or be showing signs of exhaustion, since the price lost the sma50 threshold last Monday. The time above the 50-d moving average has been short (11 sessions) so any price falling back under that threshold would mean that there are signs of weakness and it might be time to exit the position if we are mid-term investors or swing traders

Broadcom ratings

In the last month we couldn't find any rating for Broadcom

Broadcom stock analysis

Broadcom accumulates a selloff of -6.41% since its latest peak last February at $491.30. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.

SMAs overview

AVGO stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $489.64 (6.49% above)
  • R2: $491.30 (6.85% above)
  • The current supports are:

  • S1: $438.81 (-4.56% below)
  • S2: $417.28 (-9.25% below)
  • S3: $416.01 (-9.52% below)
  • Bollinger bands

    The price is moving near to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks

    AVGO stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really helping us to make any decisions.

    AVGO stock RSI chart

    Broadcom stock price history

    Broadcom started trading on Aug 6th, 2009 at $12.82 per share1. Since then, AVGO stock has risen by 3,486.51%, with an average of 316.96% per year. If you had invested thousand dollars in Broadcom stock at that time, it would be valued $35,865.05 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. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price predictions published by financial institutions in the last month. If you are a small investor you shouldn't trade based on these forecasts.

    In the last month we couldn't find any price target published for Broadcom stock.

    Earnings and financials

    In early March, Broadcom Inc. ($AVGO) reported EPS for that matched Market expectations. Quarterly EPS was $6.61 per share compared to the forecasted $6.55. Reported sales were $6.7 billion, aligned with analysts' forecasts as well.

    Same quarter one year ago, reported EPS was $5.25, so current EPS is a gain of 25.90%. Sales skyrocketed a 13.61% on an annualized basis in the , from $58.6B to $66.6B last quarter.

    Broadcom ($AVGO) releases Q2 financial report next June. Wall Street forecasts of $6.42, compared to previous quarter that made $6.61.

    Broadcom performance

    AVGO performance compared
    Company1m3m6m
    Broadcom ($AVGO) -3.00% 0.30% 24.00%

    Please read:
    The comments expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular situations of the reader, his or her financial statements 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 Opinions are provided for educative motives only

    Broadcom summary

    Wednesday, April 21st, 2021
    Open$455.22
    Close$459.79
    Day range$452.6 - $460.34
    Previous close$457.26
    Session gain0.55%
    Average true range$13.23
    50d mov avg$468.89
    100d mov avg$450.12
    200d mov avg$396.13
    Earnings dateJune 3rd, 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 posted by analysts in the last month for Broadcom.