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Archive
- 5/23/2025 -
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Best Buy Co., Inc. (BBY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Best Buy Co., Inc. (BBY). During the week, the BBY dropped -3.88 points, or -5.26%, and closed at 69.92 on Friday, May 23, 2025. Weekly volume was 9% above average.
 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 64.43 and resistance is at 108.52. 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 uptrend had started on April 9, 2025 at 54.99 and reached 76.40 on May 12, 2025. BBY gained -21.41 points, or -38.93%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (73.45) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is low and getting smaller. 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 May 12, 2025 at 76.40 and reached 67.56 on May 23, 2025. BBY lost 8.84 points, or 11.57%, in 11 days. The price is now at the 26.70% retracement level.
Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 17, 2025. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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