The Greedy Trader Weekly Analysis
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Bed Bath & Beyond (BBBY)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineTrend support at 13.76
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the Bed Bath & Beyond (BBBY). During the week, the BBBY gained 0.47 points, or 3.51%, and closed at 13.85 on Friday, November 8, 2019. Weekly volume was -55% below average.

Long-term trend: [See BBBY long-term trend chart]
A long-term downtrend had started on April 10, 2019 at 19.57 and reached 7.31 on August 15, 2019. BBBY lost 12.26 points, or 62.65%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (13.02) 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 long-term trend.

Medium-term trend: [See BBBY medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 7.31 and reached 14.99 on October 28, 2019. BBBY gained -7.68 points, or -105.06%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (13.76) 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 medium-term trend.

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

The weekly MACD line is above its signal line since September 13, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See BBBY short-term trend chart]
A short-term uptrend had started on September 18, 2019 at 9.50 and reached 14.99 on October 28, 2019. BBBY gained -5.49 points, or -57.79%, in 40 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 31, 2019.

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) 57.98
Williams' Percentage Range (W%R) 32.40
Lane's Stochastic (%D-Slow) 48.34
Greed/Fear Indicator (GFI) 57.97
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.10
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 87.58
Overbought
Greed/Fear Indicator (GFI) 79.99
Moving Average Converg./Diverg. (MACD) -0.84
Trading Signals
Description Value Chart
Weekly Trendline Resistance 15.33
Upper Bollinger Band 15.08
Weekly Stochastic Crossing 14.40
Daily Stochastic Crossing 14.10
Price 13.85
Weekly Trendline Support 13.76
20 Day Moving Average 13.64
Parabolic System 13.39
Monthly Trendline Support 13.02
Lower Bollinger Band 11.68
50 Day Moving Average 11.61
Sector and Industry
Description Name Rank
Sector Services 7
Industry Home Furnishing Stores 141
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 9.50
Low Date 09/18/2019
High 14.99
High Date 10/28/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 15.33
Support 13.76
Low 7.31
Low Date 08/15/2019
High 14.99
High Date 10/28/2019
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 7.66
Support 13.02
High 19.57
High Date 04/10/2019
Low 7.31
Low Date 08/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.64
High Date 01/08/2015
Low 7.31
Low Date 08/15/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.82
High Date 01/03/2014
Low 7.31
Low Date 08/15/2019
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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