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 105.46% per annum.
• AVGO price at the close of July 23, 2024 was \$163.77 and was inside the primary price channel.
• The secondary trend is increasing.
• The growth rate of the secondary trend is 133.11% per annum.
• AVGO price at the close of July 23, 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 20, 2022
End date: July 23, 2024

a = 1.4888

b = 0.0020

s = 0.0688

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0020) – 1
= 105.46%

Exp(4 × s) – 1
= Exp(4 × 0.0688) – 1
= 31.66%

#### September 20, 2022 calculations

Top border of price channel:

Exp(Y796)
= Exp(a + b × X796 + 2 × s)
= Exp(a + b × 1,154 + 2 × s)
= Exp(1.4888 + 0.0020 × 1,154 + 2 × 0.0688)
= Exp(3.9031)
= \$49.55

Bottom border of price channel:

Exp(Y796)
= Exp(a + b × X796 – 2 × s)
= Exp(a + b × 1,154 – 2 × s)
= Exp(1.4888 + 0.0020 × 1,154 – 2 × 0.0688)
= Exp(3.6280)
= \$37.64

#### July 23, 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(1.4888 + 0.0020 × 1,826 + 2 × 0.0688)
= Exp(5.2289)
= \$186.58

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.4888 + 0.0020 × 1,826 – 2 × 0.0688)
= Exp(4.9538)
= \$141.71

#### Description

• The primary trend is increasing.
• The growth rate of the primary trend is 105.46% per annum.
• AVGO price at the close of July 23, 2024 was \$163.77 and was inside the primary price channel.

### Secondary Trend

Start date: September 12, 2023
End date: July 23, 2024

a = 0.8974

b = 0.0023

s = 0.0628

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0023) – 1
= 133.11%

Exp(4 × s) – 1
= Exp(4 × 0.0628) – 1
= 28.55%

#### September 12, 2023 calculations

Top border of price channel:

Exp(Y1,041)
= Exp(a + b × X1,041 + 2 × s)
= Exp(a + b × 1,511 + 2 × s)
= Exp(0.8974 + 0.0023 × 1,511 + 2 × 0.0628)
= Exp(4.5265)
= \$92.44

Bottom border of price channel:

Exp(Y1,041)
= Exp(a + b × X1,041 – 2 × s)
= Exp(a + b × 1,511 – 2 × s)
= Exp(0.8974 + 0.0023 × 1,511 – 2 × 0.0628)
= Exp(4.2753)
= \$71.91

#### July 23, 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(0.8974 + 0.0023 × 1,826 + 2 × 0.0628)
= Exp(5.2569)
= \$191.89

Bottom border of price channel:

Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.8974 + 0.0023 × 1,826 – 2 × 0.0628)
= Exp(5.0057)
= \$149.27

#### Description

• The secondary trend is increasing.
• The growth rate of the secondary trend is 133.11% per annum.
• AVGO price at the close of July 23, 2024 was inside the secondary price channel.