The Greedy Trader Weekly Analysis
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Best Buy Co., Inc. (BBY)

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 3.93 points, or 5.39%, and closed at 76.85 on Friday, November 8, 2019. Weekly volume was -47% below average.

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 Channel chart pattern. The trend support level is at 74.21 and resistance is at 100.33. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See BBY medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 47.72 and reached 78.53 on July 25, 2019. BBY gained -30.81 points, or -64.56%, in 30 weeks. The price is now at the 5.45% retracement level.

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

The weekly MACD line is above its signal line since October 18, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 3, 2019 at 63.52 and reached 76.89 on November 7, 2019. BBY gained -13.37 points, or -21.05%, in 35 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since October 10, 2019. 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.

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) 74.19
Bearish
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 85.89
Overbought Bearish
Greed/Fear Indicator (GFI) 82.40
Overbought
Moving Average Converg./Diverg. (MACD) 1.63 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.12
Williams' Percentage Range (W%R) 17.30
Overbought
Lane's Stochastic (%D-Slow) 76.75
Greed/Fear Indicator (GFI) 73.38
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Upper Bollinger Band 77.56
Price 76.85
Daily Stochastic Crossing 76.06
Weekly Stochastic Crossing 75.07
Yearly Trendline Support 74.21
20 Day Moving Average 72.50
Parabolic System 71.60
50 Day Moving Average 69.19
Lower Bollinger Band 67.80
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Stores 122
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 63.52
Low Date 10/03/2019
High 76.89
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.93
High Date 10/01/2019
Low 63.52
Low Date 10/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.72
Low Date 12/24/2018
High 78.53
High Date 07/25/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.37
High Date 08/22/2018
Low 47.72
Low Date 12/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 100.33
Support 74.21
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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