BB Technical Analysis - BLACKBERRY LTD

Technical Rating and Analysis

Taking everything into account, BB scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BB is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, BB did better than 79% of all other stocks.

BB is one of the better performing stocks in the Software industry, it outperforms 74% of 64 stocks in the same industry.

In the last month BB has a been trading in the 5.06 - 5.87 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

BB has an average volume of 1756310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

BB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BB is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although BB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.89

6.28

We found 2 important support areas.

A support zone ranging from 5.27 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 4.94 to 4.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @5.82 from a horizontal line in the daily time frame.
Resistance @6.22 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for BB.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for BB.CA is up.
ChartMill Relative Strength	79.62	POSITIVE	BB.CA has a high relative strength, it outperformed 79.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BB.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of BB.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BB.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.49	OVERBOUGHT	The high RSI value suggests BB.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests BB.CA has a positive trend.
Stochastics (14,3)	90.39	OVERBOUGHT	The high Stochastics value suggests BB.CA may be overbought.
Average True Range in percent/ATR (20)	2.68	MEDIUM VOLATILITY	The ATR as a percentage value for BB.CA suggests some volalility.
Average Directional Index/ADX (14)	22.36	NEUTRAL	The ADX value for BB.CA suggests a possible start of a new trend.