BED BATH & BEYOND INC (BBBY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBBY - US6903701018 - Common Stock
We assign a technical rating of 1 out of 10 to BBBY. In the last year, BBBY was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of BBBY is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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5.97
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.33 to 6.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.60 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 | UP | POSITIVE | The long term trend for BBBY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBBY is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BBBY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBBY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBBY is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.42 | NEUTRAL | The RSI value for BBBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BBBY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.54 | NEUTRAL | The Stochastics value for BBBY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for BBBY suggests high volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for BBBY suggests a strong trend. |
6.03
-0.29 (-4.59%)
BED BATH & BEYOND INC / BBBY FAQ
What is the ChartMill technical rating of BED BATH & BEYOND INC (BBBY) stock?
ChartMill assigns a technical rating of 1 / 10 to BBBY.
What is the trend direction for BBBY stock?
The current trend direction for BED BATH & BEYOND INC (BBBY) is Bullish.
What is the RSI signal for BBBY stock?
BED BATH & BEYOND INC (BBBY) has an RSI value of 40.4231. This indicates that the stock is currently neutral.
What is the MACD signal for BBBY stock?
The MACD indicator for BED BATH & BEYOND INC (BBBY) has a value of 0.135012, indicating a bearish trend.
What are the support and resistance levels for BED BATH & BEYOND INC (BBBY) stock?
BED BATH & BEYOND INC (BBBY) has a resistance level at 6.33. Check the full technical report for our detailed analysis of BBBY support and resistance levels.