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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BB is a bad performer in the overall market: 85% of all stocks are doing better.
- BB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BB has a been trading in the 3.72 - 4.08 range, which is quite wide. It is currently trading near the lows of this range.
- BB has an average volume of 8333270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BB is an average performer in the Software industry, it outperforms 51% of 278 stocks in the same industry.
BB has a bad 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 3.74, a Stop Loss order could be placed below this zone.
More info and screens
3.70
When analyzing the support we notice one important area.
- A support zone ranging from 3.74 to 3.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.75 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.99 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.55 from a trend line in the weekly time frame.
- Resistance @4.87 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 | DOWN | NEGATIVE | The long term trend for BB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BB is down. |
| ChartMill Relative Strength | 15.17 | NEGATIVE | BB has a low relative strength, it was outperformed by 84.83% 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) | UP | MIXED | The current price of BB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.61 | NEUTRAL | The RSI value for BB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 18.42 | OVERSOLD | The low Stochastics value suggests BB may be oversold. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.5 | NEGATIVE | The low ADX value for BB suggests a weak or negative trend. |
3.75
-0.05 (-1.32%)
BLACKBERRY LTD / BB FAQ
Can you provide the ChartMill technical rating for BLACKBERRY LTD?
ChartMill assigns a technical rating of 0 / 10 to BB.
Can you provide the trend direction for BLACKBERRY LTD?
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 37.6105. This indicates that the stock is currently neutral.
What is the short term momentum for BB stock?
The short term momentum for BLACKBERRY LTD (BB) is negative.
What is the buy/sell signal for BB stock?
The buy/sell signal for BLACKBERRY LTD (BB) is sell as both the short term and long term trends are negative.