Score 7.2 (out of 10): BROADCOM sets up for +8.1% rally in 2 months

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What’s Going On Here?

Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products.

Why Now?

BROADCOM INC has triggered a new price range signal. During similar occasions, BROADCOM INC shares had a median return of +8.1%, over the following 2 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for BROADCOM INC received a high score of 7.2 (out of 10). This insight was generated on 2022-July-27 with last price of 527.79.

What’s This Company About?

BROADCOM INC is in the Electronic Compo-Semicon business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: AVGO US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 570.62 (+8.1%) has been reached. Based on BROADCOM INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 507.79 (last price at 527.79), which is equivalent to a -3.8% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

-5.4% (March-2022), 29% (October-2021), 5.2% (June-2021), 10.7% (December-2020), 7.7% (October-2020), 11.8% (August-2020), 8.5% (May- 2020), -3.5% (November-2019), 8.6% (September-2019), -8.8% (July-2019).

Historical Chart:

Summary:

NameBROADCOM INC
ViewUp
Star (1 to 10)7.2
Target8.1%
Time2 months
Hit Rate70%

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