BEST BUY CO INC (BBY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBY - US0865161014 - Common Stock
Overall BBY gets a technical rating of 0 out of 10. 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 technical rating of BBY is bad and it also does not present a 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
66.26
We found 2 important support areas.
- A support zone ranging from 69.18 to 69.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.93 to 67.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @77.05 from a trend line in the daily time frame.
- Resistance @79.53 from a trend line in the weekly time frame.
- Resistance @80.98 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BBY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBY is down. |
| ChartMill Relative Strength | 24.51 | NEGATIVE | BBY has a low relative strength, it was outperformed by 75.49% off all stocks 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 | MIXED | The current price of BBY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.72 | NEUTRAL | The RSI value for BBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests BBY has a positive trend. |
| Stochastics (14,3) | 49.05 | NEUTRAL | The Stochastics value for BBY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BBY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.68 | NEUTRAL | The ADX value for BBY suggests a possible start of a new trend. |
72.17
+2.12 (+3.03%)
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 50.7181. 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 0.212526, indicating a bearish trend.
What is the buy/sell signal for BEST BUY CO INC (BBY) stock?
The buy/sell signal for BEST BUY CO INC (BBY) is sell as both the short term and long term trends are negative.