Broadcom Inc (AVGO)
Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, and storage and industrial markets.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 96.86% per annum.
- AVGO price at the close of March 28, 2025 was $169.12 and was lower than the bottom border of the primary price channel by $39.59 (18.97%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 66.59% per annum.
- AVGO price at the close of March 28, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of AVGO price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 30, 2022
End date: February 26, 2025
a = 2.1145
b = 0.0019
s = 0.0782
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 96.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0782) – 1
= 36.72%
August 30, 2022 calculations
Top border of price channel:
Exp(Y609)
= Exp(a + b × X609 + 2 × s)
= Exp(a + b × 882 + 2 × s)
= Exp(2.1145 + 0.0019 × 882 + 2 × 0.0782)
= Exp(3.9076)
= $49.78
Bottom border of price channel:
Exp(Y609)
= Exp(a + b × X609 – 2 × s)
= Exp(a + b × 882 – 2 × s)
= Exp(2.1145 + 0.0019 × 882 – 2 × 0.0782)
= Exp(3.5948)
= $36.41
February 26, 2025 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(2.1145 + 0.0019 × 1,793 + 2 × 0.0782)
= Exp(5.5980)
= $269.89
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(2.1145 + 0.0019 × 1,793 – 2 × 0.0782)
= Exp(5.2853)
= $197.41
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 96.86% per annum.
- AVGO price at the close of March 28, 2025 was $169.12 and was lower than the bottom border of the primary price channel by $39.59 (18.97%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 23, 2024
End date: March 28, 2025
a = 10.6999
b = -0.0030
s = 0.0555
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0030) – 1
= -66.59%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0555) – 1
= 24.84%
December 23, 2024 calculations
Top border of price channel:
Exp(Y1,191)
= Exp(a + b × X1,191 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(10.6999 + -0.0030 × 1,728 + 2 × 0.0555)
= Exp(5.6211)
= $276.18
Bottom border of price channel:
Exp(Y1,191)
= Exp(a + b × X1,191 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(10.6999 + -0.0030 × 1,728 – 2 × 0.0555)
= Exp(5.3992)
= $221.23
March 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(10.6999 + -0.0030 × 1,823 + 2 × 0.0555)
= Exp(5.3357)
= $207.63
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(10.6999 + -0.0030 × 1,823 – 2 × 0.0555)
= Exp(5.1139)
= $166.32
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 66.59% per annum.
- AVGO price at the close of March 28, 2025 was inside the secondary price channel.