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Computer & Electronics Retail Industry Stocks Technical Analysis - BBYArchive
- 3/21/2025 -
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Best Buy Co., Inc. (BBY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 2.07 points, or 2.90%, and closed at 73.56 on Friday, March 21, 2025. Weekly volume was 26% above average.
BBY is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 October 13, 2022 at 60.79 and reached 103.71 on August 29, 2024. BBY gained -42.92 points, or -70.60%, in 98 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 64.19 and resistance is at 107.37. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See BBY medium-term trend chart]
A medium-term downtrend had started on August 29, 2024 at 103.71 and reached 70.19 on March 13, 2025. BBY lost 33.52 points, or 32.32%, in 28 weeks. The price is now at the 10.05% retracement level.
 Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 13, 2025 at 70.19 and reached 75.18 on March 20, 2025. BBY gained -4.99 points, or -7.11%, in 7 days. The price is now at the 32.46% retracement level.
 Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since February 28, 2025. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is 198.14% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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