Broadcom shares weekly forecast: base case is consolidation above key support as sellers maintain pressure

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Broadcom slips 1.55% over the week

Highlights

Shares of Broadcom fell to $363.01 over the past week, dropping below all major daily moving averages.
The stock is holding just above weekly support at $362.7 with momentum described as contained and volatility at 3.1%.
Technical signals indicate a bearish structure with a high probability of trading between $357.97 to $404.87 over the next five days.

AI revenue surge offsets but cannot overcome weaker revenue guidance

Broadcom reported its third quarter fiscal 2026 results on August 2, 2026, with earnings per share of $3.32 topping estimates of $3.16, according to Yahoo Finance and CNBC. The company declared a quarterly dividend of $0.65 per share and issued fourth quarter fiscal 2026 revenue guidance of about $34.8 billion, which CNBC and TheStreet noted fell short of investor hopes. Seeking Alpha highlighted that AI semiconductor revenue surged 221% year-over-year in the quarter, while the infrastructure software segment grew 30%.

Downside momentum strengthens as technicals reinforce pressure near key support

On the daily chart, Broadcom stock is pinned near weekly support at $362.7, with momentum characterized as a contained move within a narrow range and volatility at 3.1%. The MACD remains firmly in sell territory at -10.14, while Bull/Bear Power signals oversold, suggesting downside dominance. With RSI in the neutral zone at 42.22, most momentum gauges point lower, aligning with the strong resistance from the MA-200 at $369.63 and the Ichimoku Kijun at $391.44.

Bearish bias prevails as sellers eye breakdown below consolidation range

Over the next five trading days, the expected range for Broadcom stock is $357.97 to $404.87. There is a very high probability (more than 80%) of a decrease and a very low chance of an increase. The base case is consolidation just above the $362.7 support, with sellers in control. A push above $369.63 would open the way to a bullish scenario towards resistance, while a decisive drop below $362.7 sets up a bearish extension toward the bottom of the projected range.

Viktoras Karapetjanc, expert at Traders Union, believes Broadcom stock is positioned for an interesting week following mixed signals from both earnings and technical momentum. While shares endured pressure after guidance missed expectations, the impressive 221% year-over-year jump in AI semiconductor revenue demonstrates powerful underlying growth. The technical setup shows consolidation near the $362.7 support, with sellers dominant but oversold signals hinting at a possible rebound if buyers step in. The base case favors stabilization above support in the $357.97–$404.87 range, but a close above $369.63 would shift sentiment sharply more bullish. "With robust AI growth and strong sector fundamentals, I see opportunity for active traders if Broadcom holds support and momentum shifts this week."

Previously it was reported that Broadcom’s launch of AgentMinder expanded its enterprise AI offerings while technical analysis suggested a split between support and resistance levels. The current trading setup indicates that, despite ongoing weakness and a high probability of further downside, investors should closely monitor whether price action consolidates above $362.7 to assess the risk of a bearish extension in the days ahead.

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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