BEST BUY CO INC (BBY) Technical Analysis
NYSE:BBY • US0865161014
Current stock price
BBY Technical Rating and Analysis
Taking everything into account, BBY scores 0 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 63% of all other stocks performed better in the past year than BBY.
- BBY has an average volume of 4891730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BBY is an average performer in the Specialty Retail industry, it outperforms 57% of 123 stocks in the same industry.
- BBY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BBY is lagging the market slightly.
- In the last month BBY has a been trading in the 59.88 - 66.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BBY Weekly and Daily overview Charts
BBY Setup Rating and Analysis
BBY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 64.51. Right above this resistance zone may be a good entry point.
More info and screens
BBY Support and Resistance Analysis
59.82
2 important support areas can be observed.
- Support @61.59 from a horizontal line in the daily time frame.
- A support zone ranging from 60.42 to 60.43. This zone is formed by a combination of multiple trend lines in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 64.51 to 65.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.41 from a horizontal line in the daily time frame.
- Resistance @72.17 from a horizontal line in the daily time frame.
- Resistance @75.46 from a trend line in the weekly time frame.
- Resistance @78.25 from a trend line in the weekly time frame.
BBY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BBY is neutral. |
| ChartMill Relative Strength | 37.3 | NEUTRAL | BBY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BBY is above 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) | DOWN | NEGATIVE | The current price of BBY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.23 | NEUTRAL | The RSI value for BBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests BBY has a positive trend. |
| Stochastics (14,3) | 68.99 | NEUTRAL | The Stochastics value for BBY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for BBY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for BBY suggests a weak or negative trend. |
BBY Chart- and CandleStick Pattern Analysis
BBY Technicals: Chart, Performance Metrics, Trend & Indicators
64.5
+0.19 (+0.3%)
BEST BUY CO INC / BBY TA 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.
Can you provide the RSI signal for BEST BUY CO INC?
BEST BUY CO INC (BBY) has an RSI value of 52.2319. This indicates that the stock is currently neutral.
What is the short term momentum for BBY stock?
The short term momentum for BEST BUY CO INC (BBY) is neutral.
Can you provide the support and resistance levels for BEST BUY CO INC?
BEST BUY CO INC (BBY) has a support level at 61.59 and a resistance level at 64.51. Check the full technical report for our detailed analysis of BBY support and resistance levels.