BEST BUY CO INC (BBY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBY - US0865161014 - Common Stock
Overall BBY gets a technical rating of 0 out of 10. BBY'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.
- 86% of all other stocks performed better in the past year than BBY.
- BBY is part of the Specialty Retail industry. There are 121 other stocks in this industry, of which 70% are performing better than BBY.
- In the last month BBY has a been trading in the 65.05 - 73.42 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.
- BBY has an average volume of 4462580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BBY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BBY is lagging the market.
Although the technical rating is bad, BBY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
65.17
We found 1 important support area.
- Support @65.83 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 67.91 to 68.54. 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 71.79 to 72.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.39 from a trend line in the daily time frame.
- Resistance @78.85 from a trend line in the weekly 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 BBY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBY is down. |
| ChartMill Relative Strength | 14.77 | NEGATIVE | BBY has a low relative strength, it was outperformed by 85.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BBY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.05 | NEUTRAL | The RSI value for BBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BBY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.77 | OVERSOLD | The low Stochastics value suggests BBY may be oversold. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for BBY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for BBY suggests a weak or negative trend. |
67.06
+0.5 (+0.75%)
BEST BUY CO INC / BBY FAQ
What is the ChartMill technical rating of BEST BUY CO INC (BBY) stock?
ChartMill assigns a technical rating of 0 / 10 to BBY.
What is the current trend direction of BEST BUY CO INC (BBY) stock?
The current trend direction for BEST BUY CO INC (BBY) is Bearish.
What is the RSI signal for BEST BUY CO INC (BBY) stock?
BEST BUY CO INC (BBY) has an RSI value of 42.0531. This indicates that the stock is currently neutral.
What is the MACD signal for BEST BUY CO INC (BBY) stock?
The MACD indicator for BEST BUY CO INC (BBY) has a value of -0.0219079, indicating a bearish trend.
What is the buy/sell signal for BEST BUY CO INC (BBY) stock?
The buy/sell signal for BEST BUY CO INC (BBY) is sell as both the short term and long term trends are negative.