BLACKBERRY LTD (BB) Stock Technical Analysis
USA - NYSE:BB - CA09228F1036 - Common Stock
4.49 USD
-0.03 (-0.66%)
4.49 USD
0 (0%)
We assign a technical rating of 9 out of 10 to BB. 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, BB did better than 91% of all other stocks.
BB is one of the better performing stocks in the Software industry, it outperforms 83% of 285 stocks in the same industry.
BB has an average volume of 9498350 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.
In the last month BB has a been trading in the 4.17 - 5.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.47, 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
3.69
5.06
3 important support areas can be observed.
- A support zone ranging from 4.46 to 4.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.95 to 3.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.73 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @4.74 from a trend line in the daily time frame.
- A resistance zone ranging from 4.87 to 5.01. 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BB is neutral. |
| ChartMill Relative Strength | 91.45 | POSITIVE | BB has a high relative strength, it outperformed 91.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.39 | NEUTRAL | The RSI value for BB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BB has a negative trend. |
| Stochastics (14,3) | 25.81 | NEUTRAL | The Stochastics value for BB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for BB suggests high volalility. |
| Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for BB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 4.75 | 4.45 | 0.30 (6.32%) | 15.83% |
| An entry @4.75. This is a Buy Stop order right above the resistance zone. | An exit @4.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 6.32%. | When investing 15.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BB. Please evaluate whether better entry and exit points can be found.
- 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.
4.49
-0.03 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.66%
1 Week0.22%
2 Weeks-0.22%
1 Month6.65%
3 Month14.83%
6 Month41.64%
12 Month75.39%
2 Year25.42%
3 Year-3.65%
5 Year0%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%5.3%
ATR Inc-24.39%
Range Today0.12
ADR(20)0.23
ADR(20)%5.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.45
Mansfield0.61
10 Day High4.96
10 Day Low4.33
20 Day High5.07
20 Day Low4.17
52 Week High6.24
52 Week Low2.24
CS1 End4.47
CR1 Start4.74
Volume & EV
DER(3)7.5%
DER(5)3.9%
Volume8.39M
Volume Incr-40.93%
Vol(5)8.48M
Vol(50)9.50M