BEST BUY CO INC (BBY) Stock Technical Analysis
NYSE:BBY - New York Stock Exchange, Inc. - US0865161014 - Common Stock - Currency: USD
Overall BBY gets a technical rating of 6 out of 10. In the past year, BBY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BBY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BBY has an average volume of 2622910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BBY is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BBY is part of the Specialty Retail industry. There are 120 other stocks in this industry, BBY did better than 69% 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.
BBY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 90.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.09, a Stop Loss order could be placed below this zone.
More info and screens
79.43
93.77
We found 3 important support areas.
- A support zone ranging from 86.22 to 89.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.78 to 83.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.23 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 90.58 to 91.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @92.84 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.2
Mansfield-0.32
10 Day High91.68
10 Day Low84.72
20 Day High91.68
20 Day Low81.11
52 Week High103.71
52 Week Low69.29
Performance
1 Week0.68%
2 Weeks4.47%
1 Month4.85%
3 Month0.27%
6 Month1.85%
12 Month17.7%
2 Year8.03%
3 Year-7.1%
5 Year18.68%
10 Year135.64%
15 Year145.97%
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)0.49
RSI(14)57.74
LBB83.05
UBB92.97
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.11 | 86.21 | 4.90 (5.38%) | 18.59% |
| An entry @91.11. This is a Buy Stop order right above the resistance zone. | An exit @86.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.90 points, which is 5.38%. | For a 1.00% total portfolio risk, you can invest 18.59% of your capital in this trade. |
- 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.
89.78
-1.16 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.28%
1 Week0.68%
2 Weeks4.47%
1 Month4.85%
3 Month0.27%
6 Month1.85%
12 Month17.7%
2 Year8.03%
3 Year-7.1%
5 Year18.68%
10 Year135.64%
15 Year145.97%
Volatility
ATR(14)2.21
ATR(20)%2.42%
ATR Inc-18.34%
Range Today2.2
ADR(20)1.94
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.2
Mansfield-0.32
10 Day High91.68
10 Day Low84.72
20 Day High91.68
20 Day Low81.11
52 Week High103.71
52 Week Low69.29
CS1 End89.09
CR1 Start90.58
Volume & EV
DER(3)-1.14%
DER(5)-0.99%
Volume2.73M
Volume Incr22.07%
Vol(5)2.92M
Vol(50)2.62M