BLACKBERRY LTD (BB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BB - CA09228F1036 - Common Stock
Taking everything into account, BB scores 3 out of 10 in our technical rating. Although BB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.53
When analyzing the support we can see 2 important areas.
- Support @3.81 from a trend line in the daily time frame.
- A support zone ranging from 3.57 to 3.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.75 from a trend line in the weekly time frame.
- Resistance @4.87 from a horizontal line in the daily time frame.
- Resistance @5.00 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for BB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BB is down. |
| ChartMill Relative Strength | 90.13 | POSITIVE | BB has a high relative strength, it outperformed 90.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.6 | NEUTRAL | The RSI value for BB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.04 | OVERSOLD | The low Stochastics value suggests BB may be oversold. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for BB suggests a strong trend. |
4.07
+0.07 (+1.75%)
BLACKBERRY LTD / BB FAQ
Can you provide the ChartMill technical rating for BLACKBERRY LTD?
ChartMill assigns a technical rating of 3 / 10 to BB.
What is the current trend direction of BLACKBERRY LTD (BB) stock?
The current trend direction for BLACKBERRY LTD (BB) is Bearish.
What is the RSI signal for BB stock?
BLACKBERRY LTD (BB) has an RSI value of 36.6026. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKBERRY LTD (BB) stock?
The MACD indicator for BLACKBERRY LTD (BB) has a value of -0.0501285, indicating a bearish trend.