Bed Bath & Beyond
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|It was a first positive week for the Bed Bath & Beyond (BBBY). During the week, the BBBY climbed 0.08 points, or 0.37%, and closed at 21.76 on Friday, February 09, 2018. Weekly volume was 14% above average. |
BBBY is a member of Services Sector. Services is the most overbought 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 BBBY long-term trend chart]
A long-term downtrend had started on January 8, 2015 at 79.64 and reached 19.07 on November 7, 2017. BBBY lost 60.57 points, or 76.05%, in 147 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 34.66 and resistance is at 13.97. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
Medium-term trend: [See BBBY medium-term trend chart]
A medium-term uptrend had started on November 7, 2017 at 19.07 and reached 24.74 on December 20, 2017. BBBY gained -5.67 points, or -29.73%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (22.22) 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 BBBY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See BBBY short-term trend chart]
A short-term downtrend had started on January 24, 2018 at 24.08 and reached 19.84 on February 6, 2018. BBBY lost 4.24 points, or 17.61%, in 13 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (21.77). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 26, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.