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Downtrend Broken Resist.Archive
- 6/12/2026 -
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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 6.99 points, or 9.77%, and closed at 78.53 on Friday, June 12, 2026. Weekly volume was -12% below average.
 Long-term trend: [See BBY long-term trend chart]
A long-term downtrend had started on August 29, 2024 at 103.71 and reached 54.99 on April 9, 2025. BBY lost 48.72 points, or 46.98%, in 31 weeks. The price is now at the 48.32% retracement level.
 Medium-term trend: [See BBY medium-term trend chart]
A medium-term downtrend had started on October 27, 2025 at 84.99 and reached 55.10 on May 13, 2026. BBY lost 29.89 points, or 35.17%, in 28 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (52.78) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BBY may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See BBY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 May 22, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 May 13, 2026 at 55.10 and reached 78.94 on June 12, 2026. BBY gained -23.84 points, or -43.27%, in 30 days. Price is near the trend high.
 Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 May 18, 2026. This is an indication that the short-term trend is up.
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.
The distance between the Bollinger Bands is 181.69% 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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