The Greedy Trader Weekly Analysis
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Bed Bath & Beyond
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the Bed Bath & Beyond (BBBY). During the week, the BBBY gained 1.15 points, or 5.77%, and closed at 21.07 on Friday, July 06, 2018. Weekly volume was 11% above average.

BBBY is a member of Services Sector. Services is the second 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 16.52 on May 9, 2018. BBBY lost 63.12 points, or 79.26%, in 173 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 33.27 and resistance is at 13.08. 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 downtrend had started on December 20, 2017 at 24.74 and reached 16.52 on May 9, 2018. BBBY lost 8.22 points, or 33.23%, in 20 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (14.34) 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. BBBY 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 BBBY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 1, 2018. Use the following link to access a MACD help.

Short-term trend: [See BBBY short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 18.11 and reached 21.44 on July 6, 2018. BBBY gained -3.33 points, or -18.39%, in 8 days. The price is now at the 11.11% retracement level.

Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 7.78% on Friday. It is 56.31% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.61
Williams' Percentage Range (W%R) 19.20
Overbought
Lane's Stochastic (%D-Slow) 74.60
Greed/Fear Indicator (GFI) 71.33
Moving Average Converg./Diverg. (MACD) 0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.35
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 72.43
Greed/Fear Indicator (GFI) 61.14
Moving Average Converg./Diverg. (MACD) -1.52
Trading Signals
Description Value Chart
Price 21.07
Upper Bollinger Band 20.67
Daily Stochastic Crossing 20.64
Weekly Stochastic Crossing 20.51
Monthly Trendline Resistance 20.12
20 Day Moving Average 20.09
Parabolic System 19.52
Lower Bollinger Band 19.02
50 Day Moving Average 18.66
Sector and Industry
Description Name Rank
Sector Services 8
Industry Home Furnishing Stores 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.11
Low Date 06/28/2018
High 21.44
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.52
Low Date 05/09/2018
High 21.44
High Date 07/06/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 20.12
Support 14.34
High 24.74
High Date 12/20/2017
Low 16.52
Low Date 05/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 13.08
Support 33.27
High 79.64
High Date 01/08/2015
Low 16.52
Low Date 05/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.82
High Date 01/03/2014
Low 16.52
Low Date 05/09/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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