The Greedy Trader Weekly Analysis
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- 1/23/2026 -
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Best Buy Co., Inc. (BBY) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY dropped -0.71 points, or -1.05%, and closed at 67.05 on Friday, January 23, 2026. Weekly volume was 6% above average.

BBY is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. BBY is a member of Computer & Electronics Retail Industry. Computer & Electronics Retail 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 BBY long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 54.99 and reached 84.99 on October 27, 2025. BBY gained -30.00 points, or -54.56%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (76.31) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term downtrend had started on October 27, 2025 at 84.99 and reached 65.05 on January 21, 2026. BBY lost 19.94 points, or 23.46%, in 12 weeks. The price is now at the 10.03% retracement level.

Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 5, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BBY short-term trend chart]
A short-term uptrend had started on January 21, 2026 at 65.05 and reached 67.62 on January 22, 2026. BBY gained -2.57 points, or -3.95%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since January 22, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.69
Williams' Percentage Range (W%R) 79.10
Lane's Stochastic (%D-Slow) 22.28
Greed/Fear Indicator (GFI) 29.30
Moving Average Converg./Diverg. (MACD) -1.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.72
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 9.04
Strong Oversold
Greed/Fear Indicator (GFI) 18.64
Oversold
Moving Average Converg./Diverg. (MACD) -0.23
Trading Signals
Description Value Chart
Yearly Trendline Support 76.31
Upper Bollinger Band 72.22
50 Day Moving Average 72.19
Parabolic System 69.04
20 Day Moving Average 68.42
Price 67.05
Weekly Stochastic Crossing 66.98
Daily Stochastic Crossing 65.85
Lower Bollinger Band 65.31
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 8
Industry Computer & Electronics Retail 3
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.05
Low Date 01/21/2026
High 67.62
High Date 01/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.05
Low Date 01/21/2026
High 67.62
High Date 01/22/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.42
High Date 01/09/2026
Low 65.05
Low Date 01/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.99
High Date 10/27/2025
Low 65.05
Low Date 01/21/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 89.43
Support 76.31
Low 54.99
Low Date 04/09/2025
High 84.99
High Date 10/27/2025
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.