Broadcom stock eyes further upside with 75% probability supported by bullish indicators: weekly review

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Broadcom rises 2.60% this week

Highlights

AVGO maintains a robust bullish trend, trading well above key moving averages with strong medium- and long-term structure.
Momentum indicators (MACD, ADX) confirm ongoing upward momentum, while oscillators suggest a slight loss in near-term strength.
AVGO is expected to consolidate between $372.00 and $412.00 next week, with a 75% probability of further upside unless support at $372.00 fails.

AI platform launch and record earnings lift sentiment this week

Broadcom reported record Q2 revenue of $22.19 billion and net income of $9.31 billion, underscoring its strong operational performance. The company launched the AI XPV Platform on June 9, backed by Apollo and Blackstone, to drive major AI infrastructure projects, including support for Anthropic’s planned expansion. Additionally, Broadcom is advancing its business focus on customized AI semiconductors and networking hardware for large data centers.

Persistent buying and neutral signals shape technical setup over the week

On the weekly chart, AVGO trades comfortably above its MA-20 and MA-50, providing dynamic support that remains intact. Weekly price action shows consolidation with volatility at 10.14%, while momentum signals, including MACD and ADX, stay positive. The RSI remains in neutral-to-positive territory, with no extreme signals from Stochastic RSI or CCI. Bull/Bear Power identifies overbought conditions but confirms persistent buying, while the Awesome Oscillator offers a neutral read. Weekly support is located near $372.00, and resistance is found at $412.00.

Upside breakout risk high as key indicators back bullish outlook

For the next five trading days, AVGO is expected to move within a range of $372.00 to $412.00. The probability for further upside stands at approximately 75%, given three out of four key weekly indicators still favor the bulls. Sideways consolidation is the baseline scenario. A break above $412.00 may lead to renewed buying interest and higher prices, while a fall below $372.00 could trigger a short-term pullback toward the next set of weekly moving averages.

Parshwa Turakhiya, analyst, sees Broadcom’s weekly performance as a reaffirmation of bullish momentum, supported both by record financial results and ongoing demand for AI-linked infrastructure. He notes the consolidation within the $372.00–$412.00 range as a healthy pause after sustained gains, with volatility and technical indicators largely backing buyers. The technical base remains firm, while sentiment continues to be buoyed by strong earnings and high-profile partnerships. Turakhiya expects this combination to support sideways-to-upward movement over the coming week. "With key supports intact and 75% of signals still bullish, I’ll be watching for a move above $412.00 to confirm fresh breakout momentum."

Previously it was reported that Broadcom maintained long-term structural strength despite encountering short- and medium-term technical resistance, supported by robust AI-driven growth. The latest market action and strong quarterly results further reinforce the bullish outlook, with a break above weekly resistance at $412.00 representing a key trigger for renewed upside participation.

Source of Data: AVGO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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