(BBY) Best Buy complete technical analysis [charts+indicators] | Buy/Sell Best Buy | (BBY) share price targets
Complete technical analysis of Best Buy (BBY) by charts plus indicators, forecast predictions and share price targets for Best Buy (BBY)
Best Buy trades in USA in Consumer Services sector.
10 day averaged volume of Best Buy is 1983082
Date | Daily Closing Price | Open | High | Low | Volume |
17 Fri May 2024 | 73.35 | 73.30 | 73.62 | 72.54 | 0.808 times |
16 Thu May 2024 | 73.64 | 73.30 | 74.68 | 73.14 | 1.102 times |
15 Wed May 2024 | 73.34 | 75.07 | 75.48 | 73.25 | 1.215 times |
14 Tue May 2024 | 74.35 | 75.50 | 76.49 | 74.29 | 1.232 times |
13 Mon May 2024 | 74.70 | 74.68 | 75.78 | 74.43 | 1.063 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 73.1 as stoploss in an intra day buy trade for a target of 74.04. However, stock will show a bearish move below 73.1.
Share price targets for Best Buy (BBY)
Target Type | Value |
Downside Target | 69.66 |
Downside Target | 71.67 |
Upside Target | 74.92 |
Upside Target | 76.49 |
Upside Target | 76.80 |
Upside Target | 79.54 |
Upside Target | 79.58 |
Upside Target | 83.32 |
Upside Target | 83.36 |
Upside Target | 86.11 |
Intraday share price targets for Best Buy (BBY)
Target Type | Value |
Downside Intraday Target | 71.76 |
Downside Intraday Target | 70.18 |
Upside Intraday Target | 75.71 |
Upside Intraday Target | 78.08 |
Upside Intraday Target | 74.13 |
Weekly technical analysis of Best Buy (BBY)
Date | Weekly Closing Price | Open | High | Low | Volume |
17 Fri May 2024 | 73.35 | 74.68 | 76.49 | 72.54 | 1.184 times |
10 Fri May 2024 | 74.17 | 74.83 | 75.43 | 71.81 | 0.775 times |
03 Fri May 2024 | 74.47 | 75.32 | 75.81 | 71.67 | 0.945 times |
26 Fri Apr 2024 | 75.05 | 76.58 | 76.80 | 73.08 | 1.003 times |
19 Fri Apr 2024 | 76.15 | 78.85 | 79.58 | 75.17 | 0.8 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Best Buy (BBY)
Date | Monthly Closing Price | Open | High | Low | Volume |
17 Fri May 2024 | 73.35 | 73.59 | 76.49 | 71.67 | 0.474 times |
30 Tue Apr 2024 | 73.64 | 82.10 | 83.32 | 73.08 | 0.725 times |
28 Thu Mar 2024 | 82.03 | 81.31 | 83.36 | 74.92 | 1.417 times |
29 Thu Feb 2024 | 80.88 | 72.85 | 86.11 | 72.40 | 0.89 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Best Buy (BBY)
Indicator Name | Indicator Value | Indicator Signal |
ADX | 18, 27, 18 | Sell |
MACD | -2, -2 | Buy |
Stochastics | 35 | None |
CCI | -110 | Sell |
RSI | 47 | Sell |
OBV | -13558447 | Sell |
VWAP | 74 | Sell |
ADL | 0 | Sell |
ROC | -2 | Sell |
Force Index | 0 | Sell |
Price action analysis of Best Buy ( (BBY) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Best Buy ( (BBY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Best Buy ( (BBY) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Best Buy ( (BBY) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Best Buy stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Best Buy in short term but the buy signal is initial and weak.
Best Buy Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Best Buy in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Best Buy is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 73.82 and Best Buy (BBY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Best Buy (BBY) stock. Volume based technical analysis of Best Buy (BBY) stock is negative.
Best Buy Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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