BLACKBERRY LTD (BB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BB - CA09228F1036 - Common Stock
Overall BB gets a technical rating of 0 out of 10. BB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 3.79, 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
3.71
When analyzing the support we notice one important area.
- A support zone ranging from 3.75 to 3.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 4.12 to 4.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.33 to 4.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.66 to 4.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 23.26 | NEGATIVE | BB has a low relative strength, it was outperformed by 76.74% 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) | DOWN | NEGATIVE | The current price of BB is below a declining 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) | 41.01 | NEUTRAL | The RSI value for BB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.39 | NEUTRAL | The Stochastics value for BB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.24 | NEUTRAL | The ADX value for BB suggests a possible start of a new trend. |
3.97
-0.02 (-0.5%)
BLACKBERRY LTD / BB FAQ
Can you provide the ChartMill technical rating for BLACKBERRY LTD?
ChartMill assigns a technical rating of 0 / 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 41.0131. 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 -0.0261482, indicating a bearish trend.