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S&P 500 Overbought StocksArchive
- 9/18/2026 -
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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 third consecutive positive week for the Best Buy Co., Inc. (BBY). During the week, the BBY gained 2.05 points, or 2.26%, and closed at 92.85 on Friday, September 18, 2026. BBY was trading at average weekly trading volume.
 Long-term trend: [See BBY long-term trend chart]
A long-term downtrend had started on November 22, 2021 at 141.97 and reached 54.99 on April 9, 2025. BBY lost 86.98 points, or 61.27%, in 176 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (53.68) 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 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 54.99 on April 9, 2025. BBY lost 48.72 points, or 46.98%, in 31 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (55.14) 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. Weekly 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 weekly 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. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 22, 2026. 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 August 27, 2026 at 76.70 and reached 95.85 on September 17, 2026. BBY gained -19.15 points, or -24.97%, in 21 days. The price is now at the 15.67% retracement level.
Daily Technical Indicators: [See BBY daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since September 3, 2026. 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.
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