BEST BUY CO INC (BBY) Stock Technical Analysis
USA - NYSE:BBY - US0865161014 - Common Stock
Taking everything into account, BBY scores 7 out of 10 in our technical rating. In the last year, BBY was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although BBY has an excellent technical rating, it does not present a decent entry opportunity 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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66.22
2 important support areas can be observed.
- A support zone ranging from 69.96 to 70.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 66.89 to 67.69. 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 | NEUTRAL | NEUTRAL | The long term trend for BBY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBY is up. |
| ChartMill Relative Strength | 56.52 | NEUTRAL | BBY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BBY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.76 | NEUTRAL | The RSI value for BBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests BBY has a positive trend. |
| Stochastics (14,3) | 93.28 | OVERBOUGHT | The high Stochastics value suggests BBY may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BBY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for BBY suggests a weak or negative trend. |
82.43
+1.06 (+1.3%)
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 7 / 10 to BBY.
Can you provide the trend direction for BEST BUY CO INC?
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 63.7591. This indicates that the stock is currently neutral.
What is the support and resistance level for BBY stock?
BEST BUY CO INC (BBY) has a support level at 70.43. Check the full technical report for our detailed analysis of BBY support and resistance levels.