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Monthly Price vs. Trendline:Broken Support
Number of records: 10
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

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- 7/5/2019 -
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Bed Bath & Beyond (BBBY)

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Summary:
Weekly :Oversold industryRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldTrend support at 5.27Broken trend support line
Daily :Broken trend resistance lineWilliams' Percentage Range is oversoldThe price has risen above the Parabolic SAR
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It was the negative week for the Bed Bath & Beyond (BBBY). During the week, the BBBY dropped -0.15 points, or -1.29%, and closed at 11.47 on Friday, July 5, 2019. Weekly volume was -17% below average.

BBBY is a member of Home Furnishing Stores Industry. Home Furnishing Stores is the 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 3, 2014 at 80.82 and reached 10.46 on December 24, 2018. BBBY lost 70.36 points, or 87.06%, in 259 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (5.27) 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 uptrend had started on December 24, 2018 at 10.46 and reached 19.57 on April 10, 2019. BBBY gained -9.11 points, or -87.09%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (18.06) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BBBY may retest the broken support line. It is considered to be a resistance line now. 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. 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 May 17, 2019. The distance between MACD and the signal line is relatively high, but getting smaller. 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 April 10, 2019 at 19.57 and reached 11.01 on June 25, 2019. BBBY lost 8.56 points, or 43.74%, in 76 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (10.07) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is above its signal line since June 17, 2019. 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) 40.25
Williams' Percentage Range (W%R) 93.20
Strong Oversold
Lane's Stochastic (%D-Slow) 32.69
Greed/Fear Indicator (GFI) 26.59
Moving Average Converg./Diverg. (MACD) -0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.91
Oversold
Williams' Percentage Range (W%R) 98.60
Strong Oversold
Lane's Stochastic (%D-Slow) 4.46
Strong Oversold
Greed/Fear Indicator (GFI) 12.06
Oversold
Moving Average Converg./Diverg. (MACD) -0.42
Trading Signals
Description Value Chart
50 Day Moving Average 13.63
Upper Bollinger Band 12.75
20 Day Moving Average 11.73
Price 11.47
Weekly Trendline Resistance 11.33
Daily Stochastic Crossing 11.29
Weekly Stochastic Crossing 11.21
Lower Bollinger Band 11.10
Parabolic System 11.05
Weekly Trendline Support 10.07
Sector and Industry
Description Name Rank
Sector Services 4
Industry Home Furnishing Stores 1
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 11.01
Low Date 06/25/2019
High 11.95
High Date 07/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 11.33
Support 10.07
High 19.57
High Date 04/10/2019
Low 11.01
Low Date 06/25/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 22.54
Support 18.06
Low 10.46
Low Date 12/24/2018
High 19.57
High Date 04/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.64
High Date 01/08/2015
Low 10.46
Low Date 12/24/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 74.42
Support 5.27
High 80.82
High Date 01/03/2014
Low 10.46
Low Date 12/24/2018
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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