[Music] is it time to buy or sell broadcom stock in this video we will explore broadcom in depth our initial report was published on our website on Thursday the 5th of September 2024 and now we are here to provide you with an even more detailed analysis remember to subscribe hit the like button and turn on the notification Bell to stay updated on our latest analysis you won't want to miss any crucial updates that could impact your Investments enhance your trading Decisions by trying our newly launched AI stock analysis tool powered by gp4 available at stockinvest.us tap into the power of AI and receive free Price predictions and indepth Analysis for anyone among 25,000 companies worldwide today please not that this video is for informational purposes only and should not be considered as Financial advice since the 3rd of September 2024 our system has identified broadcom as a cell candidate assigning it a score of - 1.72 now let's examine the Stock's performance during this time frame interestingly the stock has outperformed our systems predictions showing a gain of 0.2% this results in an average daily return of 0.1% since it was designated as a sell candidate the stock is currently positioned within a broad and declining Trend in the short term indicating a further decline may be expected the trend observed over the past 3 months indicates a possible decrease of approximately 3.36% over the next 3 months with projected returns ranging from a decrease of 15.08% to an increase of 12.20% looking at the 12-month Trend it suggests a significant change of 77.6% over the upcoming year with potential returns between 6655 and 135.4 this corresponds to a price range of $254 52 to $359 120 after a year our latest daily update for broadcom includes the headline broadcom stock price ended at $152.8 on Thursday after losing 0.84% the broadcom stock price fell by Nega 0.84% on the last day which was Thursday the 5th of September 2024 dropping from $154 12 to $152.8 during the last trading day the stock fluctuated 4.12% ranging from a low of $150. 17 to a high of $1 156.35 the price has declined in six of the last 10 days and has decreased by - 7.82% during this period volume increased on the last day by 5 million shares although this occurred alongside falling prices this may serve as an early warning indicating a slightly increased risk over the next couple of days in total 24 million shares were bought and sold amounting to approximately $371 billion over the past 52 weeks the highest stock price reached was $185.6 while the lowest price was $795 4 currently the price stands at7 18.47% or $32.32 below the 52- we high of $185.6 which is also the all-time high for the stock broadcom's recent fiscal third quarter earnings report revealed stronger than expected performance featuring adjusted earnings of $1 and 24 cents per share which surpassed estimates however the company's fourth quarter Revenue guidance fell short of Wall Street expectations resulting in a 5% decline in its stock price despite the overall strong quarterly results this mixed news presents short-term challenges as investors respond to the disappointing Outlook potentially leading to volatility in broadcom shares in the coming weeks on a positive note broadcom anticipates generating 122 billion from artificial intelligence components and custom chips this year driven by significant demand in this sector the company reported an impressive 47% year-over-year Revenue increase highlighting robust growth in AI related Revenue this positions broadcom advantageously within the tech landscape particularly given the ongoing demand for infrastructure that supports artificial intelligence in the long term if broadcom successfully capitalizes on its AI Revenue potential and enhances its sales guidance it could bolster investor confidence and support a recovery in stock price as analysts continue to assess the company's performance against these expectations the tech firm's focus on artificial intelligence could prove crucial in maintaining its growth trajectory and stock attractiveness despite the current challenges in guidance analyst ratings on Tuesday the 27th of August 2024 it was reported that Wells Fargo assigned Avo an equal weight rating with a hold recommendation on Tuesday the 16th of july24 it was reported that Cowan and Company assigned a Joe a buy rating with a hold recommendation on Monday the 15th of July 2024 it was reported that Oppenheimer assigned a Joe an outperform rating with a hold recommendation on Monday the 15th of July 2024 it was reported that b riy securities assigned Avo a buy rating with a hold recommendation on Monday the 15th of July 2024 it was reported that Piper Sandler assigned Avo an overweight rating with a hold recommendation analysts have assigned broadcom stock an overall neutral rating they classify the price to earnings ratio as a strong sell and the price to book ratio as strong sell as well regarding return on investment an ists have issued a buy rating for the stock the following signals have been identified for broadcom currently there are few to no positive technical signals the broadcom stock is showing sell signals from both short and long-term moving averages indicating a more negative outlook during upward Corrections there will be resistance at $157 And1 and $1 15536 a breakout above either of these levels would generate buy signals a sell signal was triggered from a pivot top point on Monday August 19th 2024 and the stock has since declined by approximately 8.88% further declines are expected until a new bottom pivot is established additionally there is a sell signal from the 3-month moving average convergence Divergence or macd yesterday volume increased along side falling prices which may serve as an early warning suggesting that the stock should be monitored closely here are some other signals you might find interesting moving average convergence Divergence sell signal pivots sell signal 13 days ago Binger Buy Signal 15 days ago short-term moving average Buy Signal 5 days ago long-term moving average sell signal 4 days ago the relation between the short and the long moving averages indicated a Buy Signal 14 days ago if we look at the 12-month chart we see short moving average sell signal 4 days ago the long-term moving average Buy Signal 21 days ago the relation between the short and the long moving averages showed a Buy Signal 21 days ago remember to visit our page at stockinvest.us if you want to discover more signals support risk and stoploss for broadcom broadcom finds support from accumulated volume at $1495 and this level may present a buying opportunity as an upward reaction can be expected when the support is tested this stock exhibits average movements throughout the day and with solid trading volume the risk is deemed to be medium over the past day the stock fluctuated $618 between its high and low which is a change of 4.12% in the last week the stock experienced a daily average volatility of 4.61% before we dive into the possible good trading levels for broadcom let's quickly cover some essential fundamental data first the price to earnings ratio or PE ratio this crucial ratio measures a company's current share price relative to its per share earnings a high PE ratio could indicate that the stock is overvalued or that investors anticipate high growth rates in the future in other news the next earnings report for the fourth quarter of 2024 is expected on the 5th of December 2024 analysts consensus estimates are at $1.37 keep an eye on these numbers as they can greatly impact stock prices now let's discuss some potential day trading levels for broadcom in the event of an upward Trend the initial resistance level for broadcom is at $165.8 if you do not own any shares it may be wise to wait for this level to be surpassed before entering a position for those who already hold the stock this could serve as a point to consider for swing trading conversely on the downside broadcom faces its first support level at $1495 should this support level hold it may present a favorable entry point anticipating a rebound the combined average rating for broadcom from multiple analyst sources is neutral now let's examine some recent Insider trades on the 11th of July 2024 tanok e conducted an Insider sale of 7,52 shares of common stock with a par value of 1,000th of a dollar on the 5th of July 2024 tan Haw e also conducted an Insider sale of 8,200 shares of common stock with a par value of 1,000th of a dollar on the 26th of June 2024 samueli Henry conducted an Insider sale of 15,8 15 shares of common stock with a par value of 1,000th of a dollar on the 21st of June 2024 tan Hawk e conducted another Insider sale of 3,450 shares of common stock with a par value of 1,000th of a dollar on the 20th of June 2024 Paige Justine conducted an Insider sale of 254 shares of common stock with a par value of 1,000th of a dollar based on the 100 most recent Insider trades we have calculated The Insider power to be negative with a ratio of- 2.47 overall Insiders purchased 30 3,929 shares and sold 469,000 trades our assessment of this stock is unfavorable and a stoploss has not been established is broadcom stock a good investment currently broadcom exhibits several negative indicators and is situated within a broad and declining Trend therefore we anticipate that it will continue to perform poorly in the coming days or weeks leading us to maintain a negative outlook on this stock after examining the volatility and price movements from the previous trading day our analysis indicates that the current price is undervalued for trading on Friday the 6th of September we expect broadcom to open at approximately 290 and begin trading at $153 .11 we remind you that trading involves a high risk of losing money and it is important to consult with a financial advisor before making any decisions regarding the purchase or sale of Securities your investment choices should not be based solely on the information from stockinvest.us by utilizing this information you acknowledge and accept responsibility for your own investment decisions this is our current view of the stock do you agree or disagree we invite you to comment below and share your thoughts what is your target for the stock remember to like And subscribe we wish you successful trading and hope you have a wonderful day with warm regards from all of us here at stock invest