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 98.18% per annum.
- AVGO price at the close of November 19, 2024 was $165.35 and was lower than the bottom border of the primary price channel by $3.10 (1.84%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 64.46% per annum.
- AVGO price at the close of November 19, 2024 was inside the secondary price channel.
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: September 13, 2022
End date: November 13, 2024
a = 1.8482
b = 0.0019
s = 0.0717
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 98.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0717) – 1
= 33.23%
September 13, 2022 calculations
Top border of price channel:
Exp(Y707)
= Exp(a + b × X707 + 2 × s)
= Exp(a + b × 1,028 + 2 × s)
= Exp(1.8482 + 0.0019 × 1,028 + 2 × 0.0717)
= Exp(3.9181)
= $50.31
Bottom border of price channel:
Exp(Y707)
= Exp(a + b × X707 – 2 × s)
= Exp(a + b × 1,028 – 2 × s)
= Exp(1.8482 + 0.0019 × 1,028 – 2 × 0.0717)
= Exp(3.6312)
= $37.76
November 13, 2024 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,820 + 2 × s)
= Exp(1.8482 + 0.0019 × 1,820 + 2 × 0.0717)
= Exp(5.4023)
= $221.93
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,820 – 2 × s)
= Exp(1.8482 + 0.0019 × 1,820 – 2 × 0.0717)
= Exp(5.1154)
= $166.57
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 98.18% per annum.
- AVGO price at the close of November 19, 2024 was $165.35 and was lower than the bottom border of the primary price channel by $3.10 (1.84%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 19, 2024
End date: November 19, 2024
a = 2.7105
b = 0.0014
s = 0.0623
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 64.46%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0623) – 1
= 28.30%
January 19, 2024 calculations
Top border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 + 2 × s)
= Exp(a + b × 1,521 + 2 × s)
= Exp(2.7105 + 0.0014 × 1,521 + 2 × 0.0623)
= Exp(4.9081)
= $135.38
Bottom border of price channel:
Exp(Y1,046)
= Exp(a + b × X1,046 – 2 × s)
= Exp(a + b × 1,521 – 2 × s)
= Exp(2.7105 + 0.0014 × 1,521 – 2 × 0.0623)
= Exp(4.6589)
= $105.52
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.7105 + 0.0014 × 1,826 + 2 × 0.0623)
= Exp(5.3238)
= $205.16
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.7105 + 0.0014 × 1,826 – 2 × 0.0623)
= Exp(5.0746)
= $159.91
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 64.46% per annum.
- AVGO price at the close of November 19, 2024 was inside the secondary price channel.