BEST BUY CO INC (BBY) Stock Technical Analysis
NYSE:BBY - New York Stock Exchange, Inc. - US0865161014 - Common Stock
Taking everything into account, BBY scores 1 out of 10 in our technical rating. BBY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month BBY has a been trading in the 81.19 - 89.67 range, which is quite wide. It is currently trading near the lows of this range.
BBY has an average volume of 3264120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BBY turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
BBY is part of the Specialty Retail industry. There are 119 other stocks in this industry, BBY did better than 49% 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.
Although the technical rating is bad, BBY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 84.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
79.91
93.96
We found 1 important support area.
- A support zone ranging from 80.72 to 81.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 84.54 to 87.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @88.94 from a horizontal line in the daily time frame.
- Resistance @93.03 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
CRS49.06
Mansfield-0.96
10 Day High85.74
10 Day Low81.19
20 Day High89.67
20 Day Low81.19
52 Week High103.71
52 Week Low69.29
Performance
1 Week0.26%
2 Weeks1.09%
1 Month-1.72%
3 Month-8.79%
6 Month-3.23%
12 Month12.98%
2 Year-4.72%
3 Year-14.86%
5 Year-0.19%
10 Year140.14%
15 Year130.64%
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)-0.02
RSI(14)47.09
LBB81.52
UBB86.61
BEST BUY CO INC
NYSE:BBY (1/22/2025, 11:44:04 AM)
83.9158
-0.61 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.73%
1 Week0.26%
2 Weeks1.09%
1 Month-1.72%
3 Month-8.79%
6 Month-3.23%
12 Month12.98%
2 Year-4.72%
3 Year-14.86%
5 Year-0.19%
10 Year140.14%
15 Year130.64%
Volatility
ATR(14)2.05
ATR(20)%2.51%
ATR Inc4.64%
Range Today1.03
ADR(20)2.02
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.06
Mansfield-0.96
10 Day High85.74
10 Day Low81.19
20 Day High89.67
20 Day Low81.19
52 Week High103.71
52 Week Low69.29
CS1 End81.9
CR1 Start84.54
Volume & EV
DER(3)3.28%
DER(5)2.27%
Volume494.56K
Volume Incr-5.57%
Vol(5)2.48M
Vol(50)3.26M