Which do you advise to buy either Dell or AVGO?
9/2/2024 07:52am
**AVGO appears to be a stronger buy compared to Dell Technologies (DELL) based on the following analysis**:
1. **Analyst Ratings and Price Targets**: Broadcom (AVGO) has a higher average price target compared to Dell, with a "Strong Buy" consensus rating. This suggests that analysts are more optimistic about Broadcom's future performance.
2. **Technical Indicators**:
- Broadcom's RSI is lower than Dell's, indicating that Broadcom may be less overbought and potentially has room for price increase.
- Broadcom's KDJ is also lower, which could imply that the stock is currently oversold and may be due for a price rebound.
- Broadcom's stock is trading above its 50-Day Moving Average, which is a bullish signal, while Dell's is trading below its 50-Day Moving Average, indicating a bearish trend.
3. **Support and Resistance Levels**: Broadcom's support level is higher than Dell's, which could mean that Broadcom has a stronger support base and may be more resistant to further price declines.
4. **Market Sentiment**: Broadcom has a higher average holding size and a larger percentage increase in the last 30 days compared to Dell, indicating stronger investor interest and confidence in Broadcom's stock.
5. **Recent Performance**: Broadcom has outperformed Dell in terms of stock price returns over the past year, which could be a reflection of market sentiment and investor confidence.
Given these points, it seems that Broadcom (AVGO) is currently a stronger buy compared to Dell Technologies (DELL). However, it's important to note that investment decisions should be based on an individual's financial situation, risk tolerance, and investment goals. It's also advisable to consult with a financial advisor before making investment decisions.