BLACKBERRY LTD (BB.CA) Stock Technical Analysis
TSX:BB - Toronto Stock Exchange - CA09228F1036 - Common Stock - Currency: CAD
Taking everything into account, BB scores 8 out of 10 in our technical rating. BB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, BB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.42
We found 4 important support areas.
- A support zone ranging from 5.41 to 5.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.17 to 5.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.79 from a trend line in the weekly time frame.
- Support @4.46 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.68 to 5.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 84.98 | POSITIVE | BB.CA has a high relative strength, it outperformed 84.98% 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) | 59.46 | NEUTRAL | The RSI value for BB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.73 | OVERBOUGHT | The high Stochastics value suggests BB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for BB.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.58 | POSITIVE | The high ADX value value for BB.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.78 | 5.40 | 0.38 (6.57%) | 15.21% |
| An entry @5.78. This is a Buy Stop order right above the resistance zone. | An exit @5.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.38 points, which is 6.57%. | When investing 15.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:BB (6/10/2025, 7:00:00 PM)
5.67
-0.09 (-1.56%)