BLACKBERRY LTD (BB) Stock Technical Analysis
NYSE:BB - New York Stock Exchange, Inc. - CA09228F1036 - Common Stock - Currency: USD
Taking everything into account, BB scores 5 out of 10 in our technical rating. BB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month BB has a been trading in the 4.02 - 5.32 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BB is one of the better performing stocks in the Software industry, it outperforms 79% of 282 stocks in the same industry.
BB has an average volume of 15522600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, BB did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
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. There is a support zone below the current price at 4.02, a Stop Loss order could be placed below this zone.
More info and screens
3.09
5.66
We found 4 important support areas.
- A support zone ranging from 4.02 to 4.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.48 from a trend line in the weekly time frame.
- Support @3.25 from a trend line in the daily time frame.
- Support @3.12 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.28 to 4.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.55 from a horizontal line in the weekly time frame.
- Resistance @4.72 from a trend line in the daily time frame.
- Resistance @5.60 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 | DOWN | NEGATIVE | The short term trend for BB is down. |
| ChartMill Relative Strength | 90.81 | POSITIVE | BB has a high relative strength, it outperformed 90.81% 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) | UP | POSITIVE | The current price of BB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.87 | NEUTRAL | The RSI value for BB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BB has a negative trend. |
| Stochastics (14,3) | 1.32 | OVERSOLD | The low Stochastics value suggests BB may be oversold. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for BB suggests high volalility. |
| Average Directional Index/ADX (14) | 23.8 | 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)
4.03
-0.08 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.95%
1 Week-7.36%
2 Weeks-14.62%
1 Month-3.12%
3 Month27.53%
6 Month-0.74%
12 Month61.2%
2 Year-20.98%
3 Year-34.26%
5 Year-14.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.79%
ATR Inc-56.6%
Range Today0.11
ADR(20)0.21
ADR(20)%5.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.81
Mansfield1.07
10 Day High4.73
10 Day Low4.02
20 Day High5.32
20 Day Low4.02
52 Week High6.24
52 Week Low2.01
CS1 End4.02
CR1 Start4.28
Volume & EV
DER(3)-3.61%
DER(5)-1.5%
Volume10.29M
Volume Incr-45.55%
Vol(5)10.83M
Vol(50)15.52M