Want to know the current price of Broadcom Limited and what’s next for AVGO shares? On this page, we share the latest news about Broadcom Limited and give advice on buying shares. You can also view the latest Broadcom Limited stock forecast for 2021 and 2022 from our experts.
Should you buy or sell Broadcom Limited shares today? To what levels can the shares of this company rise in a year, two, three? How much will Broadcom Limited be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for AVGO stock, both up and down.
Broadcom Limited Forecast for 2022 and 2023
Quotes of Broadcom Limited continue to move as part of a qualitative growth and an upward channel. The moving averages indicate a short-term bullish trend for AVGO stock. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of securities and a likely continuation of growth in the near future. At the time of publication of the forecast, the share price is 493.16 per share. As part of the forecast, we should expect an attempt to continue the development of the fall and a test of the support level near the area of 445.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 675.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Broadcom Limited quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bullish channel, which is a very strong signal in favor of growth. Cancellation of the option of raising the quotes of the shares of Broadcom Limited will be a fall and a breakdown of the level of 395.05. This will indicate a breakdown of the support area and the lower border of the channel, in which case we can consider the continuation of the decline in securities to the area at the level of 305.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 500.05.
Broadcom Limited Forecast for 2022 and 2023 suggests the development of a correction and a test of the support area near the level of 445.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 675.05. A test of the trend line on the relative strength index (RSI) will come out in favor of the growth of securities. Cancellation of the AVGO rise option will be a fall and a breakdown of the level of 395.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 305.05.
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