Broadcom Stock on the Edge: Is a Major Shift Coming? 📉💥 Q3 Earnings Preview!

[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 Tuesday the 3rd of September 2024 and we are now here to provide you with an even more detailed analysis remember to subscribe hit the like button button and turn on the notification Bell to stay updated on our latest analyses you do not want to miss any crucial updates that could affect your Investments enhance your trading Decisions by trying our newly launched AI stock analysis tool powered by gp4 at stockinvest.us harness the power of AI and access free Price predictions and in-depth analysis for any one of 25,000 companies worldwide today please note that this video is for informational purposes only and should not be regarded as Financial advice since the 3rd of September 2024 our system has ranked broadcom as a cell candidate assigning it a score of negative -2.75 now let's examine the Stock's performance during this time frame we will continue to monitor this evaluation to observe how it develops in the days ahead the stock is currently moving within a broad and horizontal Trend indicating that further movements within this range can be anticipated the current 3-month Trend points to a potential decrease of approximately 0.57% over the next 3 months with a possible return ranging from 11.52% to positive 18.44% in terms of the 12-month Trend it indicates a change of 78.3 30% over the coming year with a potential return between 6646 and 135 33% this translates to a price range between $254 34 to more than 6.16% on Tuesday closing at $152 79 the broadcom stock price declined by 6.16% on the last trading day which was Tuesday the 3rd of September 2024 falling from $162 182 to $52.79 during that trading day the stock fluctuated by 6.18% with a low of $151 38 and a high of $16.74 the price has decreased in seven of the last 10 days and is down by 88.9% during this period volume increased on the last day by 13 million shares despite the falling prices this may indicate an early warning and the risk is expected to rise slightly over the next few days in total 37 million shares were traded amounting to approxim $5.65 billion over the past 52 weeks the highest stock price reached $185.6 while the lowest was $795 4 currently the price is 17. 48% or $32.32 below the 52- we high of $185.6 which is also the all-time high for the stock broadcom inker is currently navigating a difficult period as the technology sector experiences a substantial Market selloff marking the worst single trading day for tech stocks in two years amid this volatility analysts point out that broadcom is trading at a sharp discount within the semiconductor sector positioning it as a potential buying opportunity ahead of its upcoming third quarter earnings report the focus will be on how its strong artificial intellig Ence portfolio and growing client base will impact Financial results the anticipated earnings report is expected to reveal impressive year-over-year Revenue growth of 46% and a 15% increase in earnings per share primarily driven by its infrastructure software segment however despite these positive forecasts concerns remain regarding broadcom's High valuation at 26 times earnings raising questions about the sustainability of its premium status in this volatile Market the potential for increased volatility in broadcom stock price is significant especially as Market analysts expect the earnings report to reflect the rising demand for artificial intelligence chips this is particularly important given the strong bullish sentiment from Wall Street with many analysts encouraging investors to consider purchasing shares considering the upcoming labor market data and the current environment in the tech sector short-term fluctuations in broadcom stock could be pronounced following the earnings report in the long run if broadcom effectively navigates these challenges especially with its strategic emphasis on artificial intelligence it could experience substantial growth in its stock price in line with the aggressive expansion projected in the artificial intelligence Market analyst ratings on Tuesday the 7th of August 2024 it was reported that Wells farv Vargo assigned ago an equal weight rating with a hold recommendation on Tuesday the 16th of July 2024 Cowan and company gave AO a buy rating with a hold recommendation on Monday the 15th of July 2024 Oppenheimer assigned AO an outperform rating with a hold recommendation on the same day B Riley securities also rated AO as a buy with a hold recommend Commendation additionally on that Monday Piper Sandler assigned AO an overweight rating with a hold recommendation analysts have assigned broadcom stock a general neutral rating they have categorized the price to earnings ratio as strong sell and the price to book ratio as strong sell as well in terms of return on investment the analysts have rated the stock as buy the following signals have been identified for broadc come additionally there is a Buy Signal from the 3-month moving average convergence Divergence or macd however some negative signals have also been issued which could impact short-term developments the broadcom stock shows sell signals from both short and long-term moving averages indicating a more negative outlook for the stock in the event of upward Corrections there may be resistance at the levels of $159 73 and $1 15589 a breakout above either of these levels would result in buy signals a sell signal was generated from a pivot top point on Monday the 19th of August 2024 and thus far the stock has declined by 8.9% further declines are anticipated until a new bottom pivot is established yesterday volume increased alongside falling prices with which could serve as an early warning suggesting that the stock should be monitored more closely here are some additional signals that may peque your interest moving average convergence Divergence indicates a Buy Signal pivots showed a sell signal 11 days ago Binger provided a Buy Signal 13 days ago the short-term moving average generated a Buy Signal 3 days ago in contrast the long-term moving average indicated a sell signal 2 days ago the relationship between the short and long moving averages suggested a Buy Signal 12 days ago observing the 12-month chart reveals the short moving average issued a sell signal two days ago the long-term moving average provided a Buy Signal 19 days ago the relationship between the short and long moving averages suggested a Buy Signal 29 days ago for more signals remember to visit our page at stockinvest.us support risk and stop-loss for broadcom broadcom finds support from accumulated volume at $1495 this level may present a buying opportunity as an upward reaction is expected when the support is tested the stock experiences average daily movements and with healthy trading volume the risk is considered medium over the last day the stock fluctuated by $936 between its high and low representing a movement of 6.18% in the past week the stock has demonstrated an average daily volatility of 4.38% before we dive into the potential favorable trading levels for broadcom let's quickly cover some essential fundamental data first we have the price to earnings ratio commonly referred to as the PE Ratio this important met measures a company's current share price in relation to its earnings per share a high PE ratio might indicate that the stock is overv valued or that investors are anticipating significant growth in the future in other news the upcoming earnings report for the third quarter of 2024 is anticipated on the 5th of September 2024 analysts are currently estimating earnings at $120 per share pay close attention to these figures as they they can significantly influence stock prices now let's discuss some potential day trading levels for broadcom in the event of an upward Trend the first 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 already holding the stock this could serve as a consider ation for swing trading on the downside broadcom encounters its first support level at $1495 if this support level holds it could present a good entry point anticipating a potential rebound the combined average rating for broadcom from multiple analyst sources is neutral let's take a look at some recent Insider trades on the 11th of July 2024 tanh e conducted an Insider sale of 7,52 shares of common stock with a par value of 1 millisecond on the 5th of July 2024 tan Haw e conducted an Insider sale of 88,200 shares of common stock with a par value of 1 millisecond on the 26th of June 2024 samueli Henry conducted an Insider sale of 1,815 shares of common stock with a par value of 1 millisecond on the 21st of June 2024 tan Haw e conducted an Insider sale of 3,450 shares of common stock with a par value of 1 millisecond on the 20th of June 2024 paig Justine conducted an Insider sale of 254 shares of common stock with a par value of 1 millisecond based on the 100 most recent Insider trades we've calculated The Insider power to be negative with a ratio of -21 . 539 overall insiders purchased 33,98927 negative signals and is currently in a significantly declining Trend leading us to believe it will continue to perform poorly in the upcoming days or weeks consequently we have a negative assessment of this stock due to some minor weaknesses in the technical analysis we have adjusted our evaluation from a recommendation to buy to a recommendation to sell after examining the volatility and movements from the last trading day our systems indicate that the current price is undervalued for trading on Wednesday the 4th of September we anticipate that broadcom will open lower approximately $28 and will start trading at $54.97 we remind you that trading involves a high risk of losing money it is essential to consult with a financial advisor before making any decisions regarding the purchase or sale of Securities your investment decisions should not be based solely on the information provided by stockinvest.us by using this information you acknowledge and accept full responsibility for your own investment choices this is our current view of the stock do you agree or disagree please 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 beautiful day sending regards from all of us here at stock and best