BLACKBERRY LTD (BB) Stock Technical Analysis
NYSE:BB - New York Stock Exchange, Inc. - CA09228F1036 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to BB. In the last year, BB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
BB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BB has an average volume of 14350100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BB outperforms 59% of them, which is more or less in line with the market.
BB is an average performer in the Software industry, it outperforms 61% of 282 stocks in the same industry.
BB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BB is lagging the market slightly.
BB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 3.75, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.03
5.59
We found 3 important support areas.
- A support zone ranging from 3.67 to 3.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.25 from a trend line in the weekly time frame.
- Support @3.06 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.87 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.95 to 3.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.53 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for BB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BB is up. |
| ChartMill Relative Strength | 59.86 | NEUTRAL | BB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BB is above a declining 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) | 52.05 | NEUTRAL | The RSI value for BB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.55 | NEUTRAL | The Stochastics value for BB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for BB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.08 | NEUTRAL | The ADX value for BB suggests a possible start of a new 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)
3.76
-0.11 (-2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.84%
1 Week-4.57%
2 Weeks-1.31%
1 Month11.24%
3 Month-28.24%
6 Month60%
12 Month30.56%
2 Year-29.72%
3 Year-37.85%
5 Year-18.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%3.96%
ATR Inc-6.87%
Range Today0.12
ADR(20)0.14
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.86
Mansfield1.74
10 Day High4.03
10 Day Low3.73
20 Day High4.03
20 Day Low3.27
52 Week High6.24
52 Week Low2.01
CS1 End3.75
CR1 Start3.87
Volume & EV
DER(3)1.78%
DER(5)0.89%
Volume13.65M
Volume Incr-10.91%
Vol(5)11.59M
Vol(50)14.35M