BEST BUY CO INC (BBY)

US0865161014 - Common Stock

81.87  +1.81 (+2.26%)

Premarket: 81.87 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, BBY scores 8 out of 10 in our technical rating. Although BBY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
BBY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BBY is lagging the market slightly.
BBY has an average volume of 3270860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BBY outperforms 51% of them, which is more or less in line with the market.
BBY is part of the Specialty Retail industry. There are 126 other stocks in this industry, BBY did better than 56% of them.
In the last month BBY has a been trading in the 74.92 - 86.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
BBY Weekly chart
BBY Daily chart
Setup Rating and Analysis

6

BBY has an excellent technical rating, but the quality of the setup is only medium 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.

Support and Resistance Analysis

62.71

84.04

4 important support areas can be observed.

  • A support zone ranging from 76.17 to 79.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @72.37 from a horizontal line in the daily time frame.
  • A support zone ranging from 70.94 to 71.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @63.34 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • Resistance @83.21 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.58
Mansfield-0.54
10 Day High83.36
10 Day Low76.39
20 Day High86.11
20 Day Low74.92
52 Week High86.11
52 Week Low62.3
Performance
1 Week4.17%
2 Weeks5.61%
1 Month2.75%
3 Month4.59%
6 Month17.85%
12 Month4.6%
2 Year-9.93%
3 Year-28.69%
5 Year15.21%
10 Year210%
15 Year115.67%
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)
Technical Indicators
MACD(12,26,9)0.27
RSI(14)62.91
LBB75.45
UBB82.27
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
83.2276.386.84 (8.22%)12.17%
An entry @83.22. This is a Buy Stop order right above the resistance zone.An exit @76.38. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 6.84 points, which is 8.22%.When investing 12.17% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BBY Daily chart

BEST BUY CO INC

NYSE:BBY (3/27/2024, 8:04:00 PM)

Premarket: 81.87 0 (0%)

81.87

+1.81 (+2.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.26%
1 Week4.17%
2 Weeks5.61%
1 Month2.75%
3 Month4.59%
6 Month17.85%
12 Month4.6%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.1
ATR(20)%3.06%
ATR Inc
Range Today2.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High83.36
10 Day Low76.39
20 Day High86.11
20 Day Low74.92
52 Week High86.11
52 Week Low62.3
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.91M
Volume Incr-5.2%
Vol(5)3.74M
Vol(50)3.27M