Bed Bath & Beyond
Move cursor over the icon to see details.
|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.