BLACKBERRY LTD (BB) Stock Technical Analysis
NYSE:BB - CA09228F1036 - Common Stock
3.65 USD
0 (0%)
3.65 USD
0 (0%)
Taking everything into account, BB scores 2 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month BB has a been trading in the 3.55 - 3.95 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
BB is one of the better performing stocks in the Software industry, it outperforms 79% of 283 stocks in the same industry.
BB has an average volume of 12687300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BB did better than 85% 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.
Considerably lower volume is observed in the last couple of days.
BB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.65, 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
3.40
4.36
We found 2 important support areas.
- A support zone ranging from 3.57 to 3.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.43 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.67 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.78 to 3.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.01 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.32 from a trend 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 | 85.06 | POSITIVE | BB has a high relative strength, it outperformed 85.06% 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) | 41.83 | 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) | 36.11 | NEUTRAL | The Stochastics value for BB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for BB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for BB suggests a weak or negative 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)
3.65
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week-1.08%
2 Weeks-0.27%
1 Month-7.83%
3 Month-2.93%
6 Month-30.34%
12 Month50.83%
2 Year-34.35%
3 Year-38.55%
5 Year-30.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.17%
ATR Inc-27.52%
Range Today0.08
ADR(20)0.11
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.06
Mansfield-0.46
10 Day High3.78
10 Day Low3.56
20 Day High3.95
20 Day Low3.55
52 Week High6.24
52 Week Low2.22
CS1 End3.65
CR1 Start3.67
Volume & EV
DER(3)5.28%
DER(5)4.58%
Volume4.01M
Volume Incr-28.69%
Vol(5)5.92M
Vol(50)12.69M