Pretiming: AVGO. Broadcom Inc. (AVGO) stock for the next 10-Week forecast and technical analysis.

Notification

> It's updated daily, weekly
> If you subscribe to the Pretiming Premium, you can receive daily/weekly global stock price forecasts of your choice via email.
Thank you.

Search

AVGO. Broadcom Inc. (AVGO) stock for the next 10-Week forecast and technical analysis.

AVGO 10-Week forecast and technical analysis by Pretiming.

Closed price

May 29, 2023

812.00

-0.09%

Appropriate Investment Position: Neutral

This week's stock price Buy-Sell strength analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a weaker decline rate than the current trend.

The overall buy-and-sell strength indicates that the buy strength is stronger than the sell.

Assuming that the average buy strength is 100%,

This week's buy strength is

346%

 

 

Next week's stock price Buy-Sell strength Forecast

Based on recent stock trends and technical analysis, it looks like AVGO stock will enter an Correction trend next week

The %strength of Risk & Return next week :

31%

HIGH ~ LOW % range next week :

3.0%

-0.5%

Predicted Average loss over the next 3 weeks:

-5.4%

The price of AVGO stock moves in line with the rise and fall of the stock market index with a probability of

75%

 

, and conversely, it moves against the stock market index trend with a probability of

25%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-week forecast may also change.

AVGO stock price 10 Week forecast

It is expected that the overall trend movement over the next 10 weeks will follow a sideways box pattern, with a ratio of 6 : 4 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and The Buy-Sell strength has changed from a strong buying flow to a suddenly strengthening selling flow.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Neutral' for now. The appropriate selling timing is predicted to be this week or next week.

The selling date is

Jun 05

 

 

A good price to sell a stock:

$ 834.57

And the appropriate buying timing is predicted to be in 7 weeks.

The buying date is

Jul 10

to

Jul 17

A good price to buy a stock:

$ 716.66

(Forecast may change due to changes in the Buy-Sell strength)

Volatility of forecast

Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile.

Predicting the turning point of the trend

The probability of a trend reversal occurring approximately 1 week from now, 7 weeks from now

53%

Forecast of Upper~Lower price range over the next 10 weeks

Price:

732.47

~

830.79

% Change:

-9.8%

~

2.3%

Median price between the upper and lower prices

781.63

-3.7%

Analysis of the trend zone & level% and average strength of trends

For the last 30 weeks, the average trend zone & level%

Bullish

44%

The Current trend zone & level%

Bullish

138%

The expected average trend zone & level% for the next 10 weeks

Bullish

24%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

35%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-39%

(Min -100%)

Forecasting the strength of the trend and the range of the HIGH ~ LOW

Trend

Strength%

HIGH

LOW

In 1 week: Entering a correction trend

31%

3.0%

-0.5%

In 2 weeks: Correction trend

-50%

1.5%

-5.4%

In 3 weeks: Correction trend

-50%

1.4%

-5.4%

In 4 weeks: Correction trend

-7%

0.3%

-0.3%

In 5 weeks: Entering a rebound trend

-35%

1.2%

-2.7%

In 6 weeks: Entering a rebound trend

-16%

0.3%

-0.9%

In 7 weeks: Entering a rebound trend

-77%

0.5%

-3.9%

In 8 weeks: Rebound trend

50%

5.4%

-2.0%

In 9 weeks: Rebound trend

50%

5.5%

-1.9%

In 10 weeks: Entering a correction trend

10%

3.3%

-1.7%

Average closing price in case of rising:

 

3.1%

=> HIGH ~ LOW range:

4.3%

~

-2.3%

Average closing price in case of falling:

 

-3.2%

=> HIGH ~ LOW range:

2.2%

~

-4.5%

Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis.