The Greedy Trader Weekly Analysis
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Best Buy Co., Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineLane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week after 5 consecutive negative weeks for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 3.44 points, or 5.03%, and closed at 71.89 on Friday, November 02, 2018. It was the best weekly gain since August 24, 2018. Weekly volume was -8% below average.

BBY is a member of Services Sector. Services is the second most overbought sector. 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 December 27, 2012 at 11.20 and reached 84.37 on August 22, 2018. BBY gained -73.17 points, or -653.30%, in 294 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (38.65) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on January 15, 2016 at 25.31 and reached 84.37 on August 22, 2018. BBY gained -59.06 points, or -233.35%, in 135 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (74.75) 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 medium-term trend.

Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since September 7, 2018. The distance between MACD and the signal line is relatively high and getting bigger. 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 October 26, 2018 at 66.08 and reached 75.11 on November 2, 2018. BBY gained -9.03 points, or -13.67%, in 7 days. The price is now at the 35.66% retracement level.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.09
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 60.24
Greed/Fear Indicator (GFI) 64.61
Moving Average Converg./Diverg. (MACD) -1.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.32
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 16.35
Oversold
Greed/Fear Indicator (GFI) 34.67
Moving Average Converg./Diverg. (MACD) 1.42
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 82.72
Upper Bollinger Band 75.44
50 Day Moving Average 75.43
Quarterly Trendline Support 74.75
Daily Stochastic Crossing 72.40
Price 71.89
20 Day Moving Average 71.29
Weekly Stochastic Crossing 68.69
Lower Bollinger Band 68.44
Parabolic System 66.83
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Stores 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.08
Low Date 10/26/2018
High 75.11
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.08
Low Date 10/26/2018
High 75.11
High Date 11/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.37
High Date 08/22/2018
Low 66.08
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 82.72
Support 74.75
Low 25.31
Low Date 01/15/2016
High 84.37
High Date 08/22/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 34.72
Support 38.65
Low 11.20
Low Date 12/27/2012
High 84.37
High Date 08/22/2018
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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