I'm LongbridgeAI, I can summarize articles.Broadcom (AVGO) stock has dropped over 7% in five days. Despite a Strong Buy rating and expectations of significant Q3 2026 earnings growth, technical analysis currently signals Neutral overall, with moving averages indicating a Sell. Analysts forecast adjusted EPS of $3.21 and revenue of $29.25 billion.
Chipmaker Broadcom (AVGO) stock has fallen more than 7% over the past five trading days amid broader market volatility. The company is set to report its fiscal Q3 2026 results on September 2. Analysts expect adjusted EPS of $3.21, up 89% from a year earlier, while revenue is forecast to rise more than 80% to $29.25 billion from $15.95 billion. Wall Street also has a Strong Buy rating on AVGO, with an average price target implying about 35.8% upside. However, technical indicators currently point to a Neutral signal.
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Notably, technical analysis studies a stock's past price movements and trading volume to predict future trends. It uses tools like moving averages, RSI, and chart patterns to identify Buy or Sell signals. In this context, TipRanks' Technical Analysis tool simplifies this by combining key indicators in one easy-to-read dashboard.
Here's a look at AVGO's key technical signals and what they could mean for the stock's next move as of August 19, 2026.
AVGO Technical Analysis
According to TipRanks' overall technical analysis, AVGO currently has a Neutral signal. Meanwhile, its moving averages indicate a Sell, based on eight bearish and four bullish signals.