BLACKBERRY LTD (BBRY) Stock Technical Analysis
NASDAQ:BBRY - Nasdaq - CA09228F1036
Taking everything into account, BBRY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BBRY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BBRY is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by BBRY over the past year are nicely spread over this period.
A new 52 week high is currently being made by BBRY, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so BBRY is leading the market.
In the last month BBRY has a been trading in the 9.07 - 11.78 range, which is quite wide. It is currently trading near the high of this range.
BBRY has an average volume of 6527610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BBRY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
6.99
11.70
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.01 to 11.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.49 to 9.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.32 from a trend line in the weekly time frame.
- Support @8.95 from a trend line in the daily time frame.
- Support @7.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.58 to 11.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BBRY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBRY is up. |
| ChartMill Relative Strength | 90.21 | POSITIVE | BBRY has a high relative strength, it outperformed 90.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBRY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBRY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBRY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.73 | OVERBOUGHT | The high RSI value suggests BBRY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BBRY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.55 | OVERBOUGHT | The high Stochastics value suggests BBRY may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for BBRY suggests some volalility. |
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)
11.57
+0.08 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.7%
1 Week4.52%
2 Weeks3.49%
1 Month24.81%
3 Month16.05%
6 Month33.91%
12 Month54.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%3.36%
ATR Inc-35.31%
Range Today0.32
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.21
Mansfield2.48
10 Day High11.78
10 Day Low10.91
20 Day High11.78
20 Day Low9.07
52 Week High11.78
52 Week Low6.65
CS1 End11.06
CR1 Start11.58
Volume & EV
DER(3)-4.3%
DER(5)-0.54%
Volume8.26M
Volume Incr-44.3%
Vol(5)5.89M
Vol(50)6.53M