Broadcom Shares Trade Near $326 as $320 Support Comes Into View

Broadcom (AVGO) shares hovered around $326 this week as daily chart signals pointed to selling pressure, while the company’s quarterly AI semiconductor outlook stood at $21.7 billion.

The stock’s support area was near $320. A separate weekly projection set a range floor at $320.24 and a ceiling at $333.62.

The moving average convergence divergence (MACD) indicator showed a sell signal. The Commodity Channel Index (CCI) registered -111.83, an oversold reading, while the Relative Strength Index remained neutral. The projection marked $328.69 as immediate resistance and the Ichimoku Kijun reference at $354.74. These chart levels are reference points, not guaranteed prices.

The $21.7 billion figure is expected quarterly AI semiconductor revenue, not sales already completed.

Broadcom also announced a 10-year agreement with Japan’s NTT DOCOMO to upgrade the telecom operator’s private cloud systems using VMware Cloud Foundation. Broadcom did not disclose the agreement’s financial terms.