BEST BUY CO INC (BBY) Stock Technical Analysis
NYSE:BBY - New York Stock Exchange, Inc. - US0865161014 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BBY. Recently some decent action could be observed, but in the medium term time frame this is still negative. BBY was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BBY is a bad performer in the overall market: 82% of all stocks are doing better.
BBY is one of the lesser performing stocks in the Specialty Retail industry. 61% of 123 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BBY has a been trading in the 63.39 - 72.96 range, which is quite wide. It is currently trading near the high of this range.
BBY has an average volume of 3408400 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BBY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
63.48
88.83
We found 1 important support area.
- A support zone ranging from 64.12 to 64.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 72.74 to 76.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @87.95 from a trend 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 | 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 | 18.68 | NEGATIVE | BBY has a low relative strength, it was outperformed by 81.32% off all stocks 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 | NEGATIVE | The current price of BBY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.61 | NEUTRAL | The RSI value for BBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests BBY has a positive trend. |
| Stochastics (14,3) | 89.72 | OVERBOUGHT | The high Stochastics value suggests BBY may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for BBY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.68 | NEGATIVE | The low ADX value for BBY suggests a weak or negative trend. |
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)
72.73
+2.49 (+3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg3.54%
1 Week7.86%
2 Weeks10.55%
1 Month8.8%
3 Month-1.45%
6 Month-20.16%
12 Month-14.68%
2 Year-4.87%
3 Year2.89%
5 Year-34.42%
10 Year97.96%
15 Year131.7%
Volatility
ATR(14)1.79
ATR(20)%2.49%
ATR Inc44.23%
Range Today2.85
ADR(20)1.71
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.68
Mansfield-1.84
10 Day High72.96
10 Day Low63.39
20 Day High72.96
20 Day Low63.39
52 Week High103.71
52 Week Low54.99
CS1 End64.93
CR1 Start72.74
Volume & EV
DER(3)1.46%
DER(5)1.37%
Volume3.56M
Volume Incr-14.29%
Vol(5)2.84M
Vol(50)3.41M