BEST BUY CO INC (BBY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBY - US0865161014 - Common Stock
68.83 USD
-3.34 (-4.63%)
68.79 USD
-0.04 (-0.06%)
We assign a technical rating of 0 out of 10 to BBY. 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.
When comparing the yearly performance of all stocks, BBY is a bad performer in the overall market: 80% of all stocks are doing better.
BBY has an average volume of 4201350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BBY is part of the Specialty Retail industry. There are 122 other stocks in this industry, BBY did better than 45% of them.
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.
In the last month BBY has a been trading in the 66.66 - 76.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of BBY is bad and it also does not present a quality setup 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.
More info and screens
66.26
80.33
We found 1 important support area.
- A support zone ranging from 66.93 to 67.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 68.84 to 69.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.17 to 73.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.90 from a trend line in the daily time frame.
- Resistance @79.53 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 | NEUTRAL | NEUTRAL | The short term trend for BBY is neutral. |
| ChartMill Relative Strength | 20.83 | NEGATIVE | BBY has a low relative strength, it was outperformed by 79.17% 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) | DOWN | NEGATIVE | The current price of BBY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.64 | NEUTRAL | The RSI value for BBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests BBY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.08 | NEUTRAL | The Stochastics value for BBY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for BBY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for BBY suggests a possible start of a new 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)
68.83
-3.34 (-4.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-4.63%
1 Week1.47%
2 Weeks-3.46%
1 Month-5.14%
3 Month-2.27%
6 Month-4.12%
12 Month-17.34%
2 Year-5.05%
3 Year-22.42%
5 Year-36.75%
10 Year146.44%
15 Year102.44%
Volatility
ATR(14)1.91
ATR(20)%2.87%
ATR Inc146.46%
Range Today4.12
ADR(20)1.92
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.83
3 months CRS31.46
6 months CRS27.54
Mansfield-1.63
10 Day High72.83
10 Day Low66.66
20 Day High76.02
20 Day Low66.66
52 Week High91.68
52 Week Low54.99
CS1 End67.16
CR1 Start68.84
Volume & EV
DER(3)1.67%
DER(5)1.17%
Volume4.61M
Volume Incr-9.6%
Vol(5)4.21M
Vol(50)4.20M
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 40.6441. 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 0.176265, indicating a bearish trend.