Broadcom Forecast: AVGO at 355.45 Before 2 September
- Broadcom trades at 355.45, up 3.23 (+0.92%) on the session but roughly 18% below its August high.
- Third quarter results land after the close on 2 September, the single scheduled catalyst in the chart.
- The 384 moving-average band is the level that decides whether this is a pullback or a trend change.
Fundamental Analysis: Broadcom (AVGO)
Broadcom has confirmed it will report third quarter fiscal 2026 results after the market close on Wednesday 2 September, with the call at 2:00 p.m. Pacific. That date is the only scheduled event on this chart, and it explains the character of recent trade: a stock that has given back a fifth of its value in a fortnight with no company-specific news to account for it is a stock whose holders are reducing risk ahead of a print.
The counterweight is the sector backdrop the print will be measured against. Peer results this cycle have been strong on volume and weak on the market's tolerance for the spending required to deliver it — the pattern that punished several large-cap technology names in July despite revenue beats. Broadcom's custom accelerator business is the line investors will read first, and expectations for it have been rising all year even as the share price has fallen.
What the balance means for price is that the current level carries little information. A move of this size into a binary event is positioning, not valuation, and the chart is unlikely to resolve its structure before the numbers land. Until then the burden of proof sits with buyers, because the trend on the intermediate timeframe has already turned.
Technical Analysis: Broadcom (AVGO)
The move that started this began at the 431 peak in mid-August. From there the 4-hour chart shows a clean sequence of lower highs into the 350 area, a decline that took price through every moving average on the way down. Those averages now sit at 388.64, 384.88 and 384.52 in a tight overhead band, with the fastest at 372.21 well above spot — the classic stacking of a market that has changed direction rather than paused.
Resistance is 372.21, then the 384 cluster where the three slower averages converge. Support is the 350 shelf that has held the last three sessions, then 348. The level that invalidates the bearish read is 384.88: reclaiming that band would put the mid-August range back in play and neutralise the entire decline.
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