The Greedy Trader Weekly Analysis
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Bed Bath & Beyond
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Summary:
Weekly :Broken trend support lineOversold industryRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldStochastic has raised above the signal lineTrend support at 35.50
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the Bed Bath & Beyond (BBBY). During the week, the BBBY gained 0.46 points, or 2.35%, and closed at 20.02 on Friday, November 10, 2017. It was the best weekly gain since September 29, 2017. Weekly volume was 12% above average.

BBBY is a member of Home Furnishing Stores Industry. Home Furnishing Stores is the third most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BBBY long-term trend chart]
A long-term downtrend had started on January 8, 2015 at 79.64 and reached 19.07 on November 7, 2017. BBBY lost 60.57 points, or 76.05%, in 147 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (35.50) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See BBBY medium-term trend chart]
A medium-term downtrend had started on December 12, 2016 at 48.83 and reached 19.07 on November 7, 2017. BBBY lost 29.76 points, or 60.95%, in 47 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (21.44) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See BBBY weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 28, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BBBY short-term trend chart]
A short-term downtrend had started on September 28, 2017 at 23.82 and reached 19.07 on November 7, 2017. BBBY lost 4.75 points, or 19.94%, in 40 days. The price is now at the 20% retracement level.

Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is above its signal line since October 18, 2017. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.26
Williams' Percentage Range (W%R) 57.20
Lane's Stochastic (%D-Slow) 41.25
Greed/Fear Indicator (GFI) 41.44
Moving Average Converg./Diverg. (MACD) -1.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.27
Oversold
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 3.40
Strong Oversold
Greed/Fear Indicator (GFI) 14.83
Oversold
Moving Average Converg./Diverg. (MACD) -3.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 23.81
50 Day Moving Average 23.12
Upper Bollinger Band 22.05
Monthly Trendline Support 21.44
20 Day Moving Average 20.46
Price 20.02
Daily Stochastic Crossing 19.68
Weekly Stochastic Crossing 19.44
Lower Bollinger Band 19.27
Parabolic System 19.10
Quarterly Trendline Resistance 19.08
Sector and Industry
Description Name Rank
Sector Services 4
Industry Home Furnishing Stores 3
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23.82
High Date 09/28/2017
Low 19.07
Low Date 11/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.63
High Date 09/13/2017
Low 19.07
Low Date 11/07/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 23.81
Support 21.44
High 48.83
High Date 12/12/2016
Low 19.07
Low Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 19.08
Support 35.50
High 79.64
High Date 01/08/2015
Low 19.07
Low Date 11/07/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.82
High Date 01/03/2014
Low 19.07
Low Date 11/07/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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