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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Best Buy Co., Inc. (BBY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY gave back -0.56 points, or -0.71%, and closed at 78.02 on Friday, March 15, 2024. BBY was trading at average weekly trading volume. Long-term trend: [See BBY long-term trend chart] A long-term downtrend had started on February 2, 2023 at 93.32 and reached 62.30 on November 10, 2023. BBY lost 31.02 points, or 33.24%, in 40 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (76.80). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend. Medium-term trend: [See BBY medium-term trend chart] A medium-term uptrend had started on November 10, 2023 at 62.30 and reached 86.11 on February 29, 2024. BBY gained -23.81 points, or -38.22%, in 15 weeks. The price is now at the 33.98% retracement level. Weekly Technical Indicators: [See BBY weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See BBY short-term trend chart] A short-term downtrend had started on February 29, 2024 at 86.11 and reached 74.92 on March 6, 2024. BBY lost 11.19 points, or 13.00%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. Daily Technical Indicators: [See BBY daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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