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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 82% of all other stocks performed better in the past year than BB.
- In the last month BB has a been trading in the 3.72 - 4.11 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BB has an average volume of 8434000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BB is part of the Software industry. There are 277 other stocks in this industry, BB did better than 61% of them.
- 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.
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 3.81, a Stop Loss order could be placed below this zone.
More info and screens
3.71
We found 1 important support area.
- A support zone ranging from 3.75 to 3.81. 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 3.82 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 4.01 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.33 from a horizontal line in the weekly time frame.
- Resistance @4.57 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 | 18.3 | NEGATIVE | BB has a low relative strength, it was outperformed by 81.7% 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) | 41.49 | 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) | 23.82 | NEUTRAL | The Stochastics value for BB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for BB suggests a weak or negative trend. |
3.82
+0.02 (+0.53%)
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 41.4897. 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.